4.Is deeree's business strategy producing good financial results? Use the financial ratios in the appendix of the text as a guide.

Cases in Crafting and Executing Stratogy EXHIBIT 1 Deere & Company Income share amounts) pany Income Statements, 2012-2014 (in thousands, except per 2014 Net Sales and Rovenues Net sales Finance and interest income Other income 32,960.6 2,2821 34,9979 2,115.1 533,500.9 1,9813 Costs and Expenses Cost of sales Research and development expenses Selling, administrative and general expenses Interest expense Other operating expenses 25.0078 25,667.3 1477.3 3.605.5 41.3 24,7758 1452.0 3.4170 6640 47344 Income of Consolidated Group Before Income Taxes Provision for income taxes Income of Consolidated Group Equity in income (loss) of unconsolidated affiliates 4,7974 1,626.5 3,170.9 5,483.4 3,537.5 3,5376 Net Income 3.0716 3,163.3 Less: Net income attributable to noncontrolling interests Net Income Attributable to Deere & Company Per Share Data $ 172 $ 763 $ 9.18 $9.09 s 1.99 Dividends declared Average Shares Outstanding 385.3 389.2 363.0 Diluted Source: Deere& Company 2014 Anual Repot EXHIBIT 2 Deere & Company Balance Sheets, Fiscal 2011-Fiscal 2013 (in thousands) ASSETS Cash and cash equivalents Marketable securities Receivables from unconsolidated affiliates Trade accounts and notes recelvable-net Financing receivables-net Financing receivables securitized-net Other receivables Equipment on operating leases-net Inventories Property and equipment-net nvestments in unconsolidated affiliates $3,5040 1,624.8 1,2151 3,2776 27422.2 3,758.2 1,500.3 4.015.5 1,464.0 3.152.2 4,9347 5.466.9 303.2 Other intangible assets-net