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.

	Year 2			Year 1
LIFO inventory	$	290		$	240
LIFO cost of goods sold		870			810
FIFO inventory		360			265
FIFO cost of goods sold		825
Current assets (using LIFO)		350			320
Current assets (using FIFO)		420			345
Current liabilities		170			150

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.
	Numerator	/	Denominator	=	Ratio
Current ratio					0
Inventory turnover					0
Days' sales in inventory					0
(b) Compute its current ratio, inventory turnover, and days' sales in inventory for year 2 using FIFO numbers.
	Numerator	/	Denominator	=	Ratio
Current ratio					0
Inventory turnover					0
Days' sales in inventory					0