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 $ 210 $ 160 LIFO cost of goods sold FIFO inventory 790 730 280 185 FIFO cost of goods sold, 745 730 Current assets (using LIFO) 270 240 Current assets (using FIFO) 340 265 Current liabilities 185 165 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 Current ratio S 340.0 / $ Denominator 185.0 Ratio 1.8 to 11 Inventory turnover $ 790.0 / $ Days' sales in inventory $ 365.0 $ 232.5 5.0 = 3.4 times 73.0 days (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