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I attached the question. I'm not sure how to calculate current ratio using LIFO Calculate the inventory turnover and days in inventory. (Round answers to
I attached the question. I'm not sure how to calculate current ratio using LIFO
Calculate the inventory turnover and days in inventory. (Round answers to 1 decimal place, e.g. 5.1.) The inventory turnover 12.1 times Days in inventory 30.2 days Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b) Calculate the current ratio based on inventory as reported using LIFO. (Round answer to 2 decimal places, e.g. 5.12.) The current ratio based on inventory using LIFO. Click if you would like to Show Work for this question: :1 Open Show WorkStep by Step Solution
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