Deere & Co. manufactures and distributes farm and construction machinery that it sells around the world. In addition to its manufacturing operations, Deere & Co.'s credit division loans money to customers to finance the purchase of their farm and construction equipment. The following information is available for three recent years (in millions except per-share amounts):

Year 3 year 2 year 1

Net Income $3,064.7 $2,799.9 $1,865

Preferred dividend $0 0 0

Interest expense $782.8 $759.4 $811.4

Shares outstanding for

computing earnings per share $397 $417 $424

Cash dividend per share $1.79 $1.52 $1.16

Average total assets $52,237 $45,737 $42,400

average stockholder's equity $6,821 $6,545 $5,555

average stock price per share $79.27 $80.48 $61.18

Calculate the following ratios for each year (Round percentages to one decimal place):

Rate earned on total assets

Rate earned on stockholders' equity

Earnings per share

Dividend yield

Price-earnings ratio

What is the ratio of average liabilities to average stockholders' equity for Year 3?

Based on these data, evaluate Deere & Co.'s performance