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. Year 2 LIFO inventory $ 240 Year 1 $ 190 LIFO cost of goods sold 820 760 FIFO inventory 310 215 FIFO cost of goods sold 775 760 Current assets (using LIFO) 300 270 Current assets (using FIFO) 370 295 Current liabilities 170 150 3 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. Numerator Denominator inces Current ratio $ Inventory turnover $ 300.0/ 820.0 $ 170.0 Days' sales in inventory Ratio 1.8 to 1 0 0 (0) 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