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.
| Year 2 | Year 1 | |
| LIFO inventory | $160 | $110 |
| LIFO cost of goods sold | 740 | 680 |
| FIFO inventory | 240 | 110 |
| FIFO cost of goods sold | 660 | 645 |
| Current assets (using LIFO) | 220 | 180 |
| Current assets (using FIFO) | 300 | 180 |
| Current liabilities | 200 | 170 |
Compute its current ratio, inventory turnover, and days’ sales in inventory for Year 2 using (a) LIFO numbers and (b) FIFO numbers.
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