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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 2017 2016 $ 220 800 LIFO inventory LIFO cost of goods sold FIFO inventory FIFO cost of goods sold Current assets using LFO) Current liabilities 310 1. Compute its current ratio, inventory tumover, and days' sales in inventory for 2017 using (a) LIFO numbers and (b) FIFO numbers. (Round your answers to 1 decimal place.) (a) Compute its current ratio inventory turnover and days' sales in Inventory for 2017 using LIFO numbers Numerator Denominator - Ratio Current rabo Inventory turnover Days' sales in inventory b) Compute its current ratio, inventory turnover and days' sales in inventory for 2017 using FIFO numbers Numerator Denominator - Ratio Current ratio Inventory turnover Days' sales in inwentory

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