Mathematics, 15.10.2020 09:01 shemarmcdonald4662

(a) Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using LIFO numbers. Numerator / Denominator = Ratio Current ratio $220.0 / $200.0 = 1.1 to 1 Inventory turnover $740.0 / $135.0 = 5.5 times Days' sales in inventory $160.0 / $740.0 x 365 = 78.9 days (b) Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using FIFO numbers. Numerator / Denominator = Ratio Current ratio 0 Inventory turnover 0 Days' sales in inventory 0

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(a) Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using LIF...

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