Year 2 Year 1 LIFO inventory $ 210 $ 160 LIFO cost of goods sold 790 730 FIFO inventory 280 185 FIFO cost of goods sold 745 730 Current assets (using LIFO) 270 240 Current assets (using FIFO) 340 265 Current liabilities 185 165 1. Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using (a) LIFO numbers and (b) FIFO numbers