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Comparing LIFO numbers to FIFO numbers: ratio analysis L04 L06 Check (I) FIFO: Inventory turnover, 3.4 times Cruz Company uses LIFO for inventory costing and

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Comparing LIFO numbers to FIFO numbers: ratio analysis L04 L06 Check (I) FIFO: Inventory turnover, 3.4 times 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. Compute its inventory turnover and days' sales in inventory for 2010 using (a) LIFO numbers and (b) FIFO numbers. (Round answers to the tenth place.) Comment on and interpret the results of

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