A.) Measure the liquidity of Deere & Co. for each year using the company's net working capital and current ratio.

B.) Is the trend in Deere's liquidity improving over this period?

($ thousands) 2013 2012 2011 Current assets Cash and cash equivalents 2,272,000 2,132,600 1,703,400 Short-term investments 0 1,740,100 0 Net receivables 3,977,700 3,760,000 3,455,900 Inventory 2,906,300 2,318,100 1,855,800 Total current assets 9,156,000 9,950,800 7,015,100 Current liabilities Accounts payable 6,680,600 3,005,400 4,768,400 Short-term/current long-term debt 8,524,200 10,206,200 8,012,300 Other current liabilities 0 2,779,300 0 Total current liabilities 15,204,800 15,990,900 12,780,700