Check my work Exercise 5-18 (Algo) Comparing LIFO numbers to FIFO numbers; ratio analysis LO A3 Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed inventory and cost of goods sold using FIFO for comparison purposes. LIFO inventory Year 2 $ 170 Year 1 $ 120 LIFO cost of goods sold 750 690 FIFO inventory 240 145 FIFO cost of goods sold 705 690 Current assets (using LIFO) 230 200 Current assets (using FIFO) 300 225 Current liabilities 180 160 1. Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using (a) LIFO numbers and (b) FIFO numbers. (a) Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using LIFO numbers. Current ratio Inventory turnover Numerator Denominator Ratio 0 0 0 Days' sales in inventory (b) Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using FIFO numbers. Current ratio Inventory turnover Days' sales in inventory Numerator Denominator Ratio 0 0 0