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. LIPO inventory Year 2 Year 1 $ 190. $ 140 LIPO cost of goods sold 770 710 FIFO inventory 260 165 FIFO cost of goods sold 725 710 Current assets (using LIFO) 250 220 Current assets (using FIFO) 320 245 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. Current ratio Numerator Denominator: Ratio Inventory turnover 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