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CruzCompany uses LIFO for inventory costing and reports the followingfinancial data. It also recomputed inventory and cost of goods soldusing FIFO for comparison purposes. Year

CruzCompany uses LIFO for inventory costing and reports the followingfinancial data. It also recomputed inventory and cost of goods soldusing FIFO for comparison purposes. Year 2 Year 1 LIFO invent 1. Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using (a) LIFO numbers and (b) FIFO numbers. Answer is not complete. (a) Compute its current ratio, inventory 2 answers

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