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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

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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 comparison purposes. LIFO inventory LIFO cost of goods sold FIFO inventory FIFO cost of goods sold Current assets (using LIFO) Current 1iabilities 2017 $150 730 220 685 210 190 2016 $100 670 125 180 170 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.) its current ratio, i turnover, and days' sales i 2017 using FO numbers. Ratio Current ratio Inventory turnover Days' sales in i b) Compute its current ratio, turnover, and d sales i 2017 using FO numbers. Ratio Current ratio Inventory turnover Days' sales in inventory

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