Collare in malinen) \begin{tabular}{|c|c|c|c|c|} \hline Asues & \multicolumn{2}{|c|}{1620} & \multicolumn{2}{|c|}{2019} \\ \hline Cerroset asuets: & & & & \\ \hline & 5 & 9,462 & 5 & 8,254 \\ \hline Shoterrables - tode asd other & & 7,317 & & \\ \hline Kecteralles - finase & & 9,463 & & 9,536 \\ \hline & & 1,930 & & 1,739 \\ \hline lavetchen: & & 11,402 & & 11.26 \\ \hline Fotal exarect asives: & & 39,464 & & 39,193 \\ \hline & & 12,101 & & 12004 \\ \hline Losp term reseiviblen = ande and celer & & 1,185 & & 1,193 \\ \hline & & 12,222 & & 12,051 \\ \hline & & 1,823 & & 1.411 \\ \hline Intanplo arsets & & 1,303 & & \\ \hline Groctwill & & 6,394 & & 6196 \\ \hline Otker asset: & & 3.827 & & 3,140 \\ \hline Tatal atsoin. & 5 & 78,521 & 5 & \\ \hline \end{tabular} Lhaktiries: Carrest hadialites: Sbert term henowiag: Mettiner, Fnerpr \& Traesportation: Financial Prodacts Acowas pyshle Acernod expese? Accrued wapen, talunes and expleyee beonito Caloen alvanices Denided probli Osher curnat lidilitios Mochinery, Fnercy A Trampartahm Finascial Rodsets. Tecal rumet liakinties Stedinary, Eoerry A Transpertahia Tinakcial Predicth Cober liobitites: Total lialitifies. Staribulderr' eypity Counose thod of 51.00 par talom. Notcoobolling iaterts Tetal aharakaliers' equily STATEMENT 1 Coasolidated Results of Operatiens for the Yearn Ended December 31 (Dollars in millins escept per share data) Sales and revenaes: Sales of Machinery, Energy \& Transpertation Revenues of Financial Products Total sales and revenues. Operating cests: Cost of goods sold Selling, generat and administrative expenses Rescarch and development expenses Interest expense of Financial Products Other cperating (income) expenses Total openating costs Operating profit Interest expense exeluding Financial Prodocts Other income (expense) Consolidated profit before taxes Provision (benefit) for income taxes Profit of conselidated companies Ecuity in profit (loss) of unconsolidated affilianed companies Prefit of conselidated and afriliated companies Les: Profit (los) atributable to noncontrolling interests Profit Caterpillar Iac. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{2020} & \multicolumn{2}{|c|}{2019} & \multicolumn{2}{|r|}{2018} \\ \hline 5 & 39.0n & 5 & 50,755 & 5 & 51,822 \\ \hline & 2,726 & & 3,045 & & 2900 \\ \hline & 41,748 & & 53,800 & & 54,7m \\ \hline \end{tabular} \begin{tabular}{rrr} 29,082 & 36,630 & 35,997 \\ 4,642 & 5,162 & 5,478 \\ 1,415 & 1,693 & 1,850 \\ 589 & 754 & 722 \\ 1,467 \\ \hline 37,195 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline 4,553 & 8,290 & 8,293 \\ \hline 514(44) & 421(57) & 404(67) \\ \hline 3,995 & 7,812 & 7,sm2 \\ \hline 1,006 & 1,746. & 1.698 \\ \hline 2,939 & 6,066 & 6,124 \\ \hline \end{tabular} 3,003146,094286,14324 5 1 1 52.9986.0936,147 C. Inveatories We state inveatories at the lower of cost or net realizable value. We principally determine cost using the last-in, first-out (LIFO) method. The value of inventories on the LIFO basis represented about 60 percent of total inventories at December 31, 2020 and 2019. If the FIFO (first-in, first-out) method had been in use, inventories would have been $2,132 million and $2,086 million hipler than reported at December 31,2020 and 2019, respectively. 1. Calculate Caterpillar's inventory turnover ratio (hint: COGS/ Ave Inventory). (Round answer to 2 (two) decimal points. example \#.\#\#) What impact would an inventory write-down have on the Company's gross profit margin? Increase No answer text provided. Decrease No impact
