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 $250 $200

LIFO COGS 830 770

FIFO inventory 320 225

FIFO COGS 785 770

Current assets (LIFO) 310 280

Current assets (FIFO) 380 305

Current Liabilities 165 145

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. 1. Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using (a) LFO numbers and (b) FIFO numbers. (b) Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using FFO numbers