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Use the following financial information to answer the question that follows: Deere Caterpillar Revenue $36 billion $55 billion Net...

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Finance

Use the following financial information to answer the questionthat follows:

Deere Caterpillar

Revenue $36 billion $55 billion

Net Income $3 billion $3.7 billion

Total assets $61 billion $85 billion

Total Debt $52 billion $70 billion

Compare Deere and Caterpillar's asset use efficiency andoperating efficiency. (looking for ratios)

Answer & Explanation Solved by verified expert
4.1 Ratings (538 Votes)
The asset use efficiency is determined by the asset turnover ratio Asset turnover ratio is the efficiency with which the assets are used to generate sales for the company Formula to calculate Asset turnover ratio Asset    See Answer
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Use the following financial information to answer the questionthat follows:Deere CaterpillarRevenue $36 billion $55 billionNet Income $3 billion $3.7 billionTotal assets $61 billion $85 billionTotal Debt $52 billion $70 billionCompare Deere and Caterpillar's asset use efficiency andoperating efficiency. (looking for ratios)

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