Exercise 5-18 (Algo) Comparing LIFO numbers to FIFO numbers; ratio analysis LO A3 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 LITO cost of goods sold FIFO inventory Year 2 $ 330 Year 1 $ 280 910 850 400 305 Firo cost of goods sold 865 850 Current assets (using LIPO) 390 360 Current assets (using FIFO). 460 385 175 155 Current liabilities 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 current ratio, inventory turnover, and days' sales in inventory for Year 2 using LIFO numbers.... Current ratio Inventory turnover Days' sales in inventory Numerator Denominator Ratio 0 0 0 (b) Compute its current ratio, Inventory turnover, and days' sales in inventory for Year 2 using FIFO numbers Current ratio Inventory turnover Days' sales in inventory Numerator Denominator Ratio 0 0 0