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 2013 using
(a) LIFO numbers
(b) FIFO numbers. (Round answers to one decimal.)
2. Comment on and interpret the results of part1.

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2013 2012 LIFO inventory ...***$160 $110 LIFO cost ofgoods sold FIFO inventory...240 FIFO cost of goods sold ......660 645 Current assets (using LIFO).... 220 Current liabilities ...._ ...*.. 2 45 180 200 170