Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment....
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Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2017 annual report. 2017 2016 (in millions) Inventories (LIFO) Current assets Current liabilities LIFO reserve Cost of goods sold $2,224 28,081 12,069 1,418 16,537 2,913 Compute Deere & Company's inventory turnover for 2017. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover Compute Deere & Company's days in inventory for 2017. (Round days in inventory to 0 decimal places, e.g.5.) Days in inventory days Compute Deere & Company's current ratio using the 2017 data as presented, and then again after adjusting for the LIFO reserve. (Round answers to 2 decimal places, e.g.5.12:1.) Based on data presented: Current ratio After adjusting for LIFO reserve: Current ratio
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