Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. It reported
Question:
Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. It reported the following information in its 2009 annual report.
(a) Compute Deere’s inventory turnover ratio and days in inventory for 2009.
(b) Compute Deere’s current ratio using the 2009 data as presented, and then again after adjusting for the LIFO reserve.
(c) Comment on how ignoring the LIFO reserve might affect your evaluation of Deere’s liquidity.
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ISBN: 9780470534786
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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