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Pls help me Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed inventory and cost of goods sold
Pls help me
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 (o) LIFO numbers and (b) FIFO numbers. (a) Compute its current ratio, Inventory tumover, and days' salos in inventory for Year 2 usina LiFo (b) Compute its current fatio, inventory turnover, and dayo' sales in inventory for Year 2 usina FiFo Step by Step Solution
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