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 $ 160 Year 1 $ 110 LIFO cost of goods sold 740 680 FIFO inventory FIFO cost of goods sold 240 110 660 645 Current assets (using LIFO) 220 180 Current assets (using FIFO) Current liabilities 300 180 200 170 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 $ 220.0 / 200.0 Ratio 1.1 to 1 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