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Calculate Pronghorn's current ratio assuming the company uses (1) FIFO and (2) average cost to determine the cost of the ending inventory. (Round answers to
Calculate Pronghorn's current ratio assuming the company uses (1) FIFO and (2) average cost to determine the cost of the ending inventory. (Round answers to 2 decimal places. 15.25 FIFO Average Current Ratio times times Textbook and Media Attempts: 0 of 15 used Sant An The following comparative cost information is available for Pronghorn Limited: FIFO Average Average Inventory $228,300 233,300 Cost of Goods Sold $732,500 717.900 Pronghorn's current assets are $435.000, exclusive of inventory. Its current liabilities are $336,000
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