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Question 18 View Policies Current Attempt in Progress Deere & Company is a global manufacturer...

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Question 18 View Policies Current Attempt in Progress Deere & Company is a global manufacturer and distributor of agricultural construction, and forestry equipment. The company reports inventory and cost of goods sold using the LIFO method. Suppose it reported the following information in its 2017 annual report in millions) 2017 2016 Inventories $2438 3.080 Current assets 28,407 Current liabilities 13,382 LIFO reserve 1.454 Cost of goods sold 16,401 (a 1) Compute Deere & Company's inventory turnover for 2017. (Round inventory 2 decimal places, eg. 5.12) Inventory turnover Save for Later Attempts: 0 of 5 used (a2) Compute Deere & Company's days in inventory for 2017. (Round days in inventory to decimal places, eg. 5.) Days in inventory Attempts: 0 of 5 used Submit Answer Save for Later 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, eg, 5.12:1.) Based on data presented: Current ratio After adjusting for LIFO reserve: Current ratio Attempts:0 of 5 used Submit Answer Save for Later

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