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.
- 2017 2016
lifo inventory $ 310 $ 260
lifo cost of goods sold 890 830
fifo inventory 380 285
fifo cost of goods sold 845 —
current assets (using lifo) 370 340
current liabilities 185 165
1. compute its current ratio, inventory turnover, and days' sales in inventory for 2017 using (a) lifo numbers and (b) fifo numbers. (round your answers to 1 decimal place.)

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?

David consumes two things: gasoline (q 1) and bread (q 2). david's utility function is u(q 1, q 2)equals70q 1 superscript 0.5 baseline q 2 superscript 0.5. let the price of gasoline be p 1, the price of bread be p 2, and income be y. derive david's demand curve for gasoline. david's demand for gasoline is q 1equals nothing. (properly format your expression using the tools in the palette. hover over tools to see keyboard shortcuts. e.g., a subscript can be created with the _ character.)

Match the different taxes to the levels at which these taxes are levied on consumers and businesses national level/ national and local levels 1.sales tax 2.income tax 3.payroll tax 4.social security tax 4.property tax