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CALCULATOR PRINTER VERSION 4 BACK NEXT RESOURCES Exercise 6-13 (Part Level Submission) Deere & Company is a global manufacturer and distributor of agricultural, construction, and

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CALCULATOR PRINTER VERSION 4 BACK NEXT RESOURCES Exercise 6-13 (Part Level Submission) Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2017 annual report. ork: Ch. 6 se 6-4 se 6-7 se 6-9 (Part Level (in millions) Inventories (LIFO) 2017 2016 $2,267 2,999 Current assets 32,910 Current liabilities 13 (Part ssion A (Part ssion. A (Part ssion 11.711 LIFO reserve 1,389 Cost of goods sold 15,661 (a1) Compute Deere & Comnany's inents Compute Deere & Company's inventory turnover for 2017. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnov Compute Deere & Company's days in inventory for 2017. (Round days in inventory to 0 decinmal places, e.g. 5.) Days in inventory days 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, e.g. 5.12:1.) Based on data presented: Current ratio After adjusting for LIFO reserve: Current ratio : 1

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