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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

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.

2016 2015
LIFO inventory $ 250 $ 200
LIFO cost of goods sold 830 770
FIFO inventory 320 225
FIFO cost of goods sold 785 770
Current assets (using LIFO) 310 280
Current liabilities 165 145

Required:

1. Compute its current ratio, inventory turnover, and days' sales in inventory for 2016 using(a) LIFO numbers and (b) FIFO numbers. (Round your answers to 1 decimal place.)

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