The following comparative cost information is available for Flint Limited: Average Inventory Cost of Goods Sold FIFO $214,800 Average cost 219,600 $751,800 724,680 Flint's current assets are $459,000, exclusive of inventory. Its current liabilities are $339,000. Calculate Flint's inventory turnover ratio assuming the company uses (1) FIFO and (2) average cost to determine the cost of the ending inventory. (Round answers to 1 decimal place, e.g. 5.5.) Inventory turnover FIFO Average Cost 3.5 times 3.3 times (b) Calculate Flint's current ratio assuming the company uses (1) FIFO and (2) average cost to determine the cost of the ending inventory. (Round answers to 2 decimal places, e.g. 1.25.) Current ratio FIFO Average Cost times times