FIFO versus LIFO: Ratio Analysis. Presented below is financial data for two companies that are identical in every respect except that Company X uses the FIFO method to value its inventory and Company Z uses the LIFO method to value its inventory. Using this data, calculate the following ratios: return on sales, inventory turnover, inventory-on-hand period, and current ratio.

	Company X	Company Z
Sales	$100,000	$100,000
Cost of goods sold	46,500	55,400
Net income	29,500	19,100
Inventory	19,000	8,600
Current assets	65,000	54,600
Current liabilities	21,000	21,000

Round all answers to nearest one decimal place.

	Company X (FIFO)		Company Z (LIFO)
Return on sales		%		%
Inventory turnover
Inventory-on-hand period (Do not round until your final answer.)
Current ratio