Question: please help answer Exercise 5-18 (Algo) Comparing LIFO numbers to FIFO numbers; ratio analysis LO A3 Cruz Company uses LIFO for inventory costing and teports
Exercise 5-18 (Algo) Comparing LIFO numbers to FIFO numbers; ratio analysis LO A3 Cruz Company uses LIFO for inventory costing and teports 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 Year 2 using (d) LFFO numbers and (b) FIFO numbers (a) Compute its current catio, inventory turnover, and days' sales in inventory for Year 2 using Lifo Humbels. (b) Compute its current ratio, inventery tutnover, and days'sales in inventory for Year? using FiFo Exercise 5-18 (Algo) Comparing LIFO numbers to FIFO numbers: ratio analysis LO A3 Cruz Company uses LIF O for inventory cosing and reports the following financial data it also recomputed inventory and cost of goods sold using FIFO for compatison purposes 1. Compute its curtent ratio, inventory turnovet, and days sales in inventary for Year 2 usng (d) LIFO numbers and (b) FIFO numbers (b) Compute its curcent ratio, inventory turnover, and day? sales ir iiventory far Year? esing fifo isumberers
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