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use these for the = ^ Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed inventory and cost
use these for the = ^ 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 $ 230 810 300 765 290 360 175 Year 1 $180 750 205 LIFO inventory LIPO cost of goods sold FIFO inventory FIFO cost of goods sold Current assets (using LIPO) Current assets using PIPO) Current liabilities 260 285 155 1. Compute its current ratio, inventory turnover, and days' sales in inventory for year 2 using (2) LIFO numbers and (6) FIFO numbers. (Round your answers to 1 decimal place.) irnover, and days' sales in inventory for year 2 using Denominator Ratio (a) Compute its current ratio, Inventory LIFO numbers. Numerator Current ratio Inventory turnover Days' sales in inventory (b) Compute its current ratio, inventory turnover, and days' sales in Inventory for year 2 using FIFO numbers. Numerator Denominator Ratio Current ratio Inventory turnover Days' sales in inventory NO ventory turnover, and days for year 2 using X 365 rator Denominator 7 365 =
use these for the = ^
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