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Cruz Company uses LIFO for inventory costing and reports the following financial data. It also...

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Accounting

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.
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.
(b) Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using FIFO
numbers.
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