Exercise $5-18($Algo$)$ Comparing LIFO numbers to FIFO numbers; ratio analysis LO A$3$

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.Exercise $5-18($Algo$)$ Comparing LIFO numbers to FIFO numbers; ratio analysis LO A$3$

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.