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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. 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 ourrent ratio, Inventory tumover, and days' sales In Inventory for Year 2 using LIFO (b) Compute its current ratio, inventory tumover, and days' sales in inventory for Year 2 unina Fifo

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