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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

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.

2017 2016
LIFO inventory $ 300 $ 250
LIFO cost of goods sold 880 820
FIFO inventory 370 275
FIFO cost of goods sold 835
Current assets (using LIFO) 360 330
Current liabilities 165 145

1. Compute its current ratio, inventory turnover, and days' sales in inventory for 2017 using (a) LIFO numbers and (b) FIFO numbers. (Round your answers to 1 decimal place.)

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