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Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2022 annual

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Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2022 annual report. (in millions) 2022 2021 Inventories (LIFO) $2,397 3,042 30,857 Current assets Current liabilities 12,753 LIFO reserve 1,367 Cost of goods sold 16,255 Compute Deere's inventory turnover for 2022. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover eTextbook and Media Compute Deere's days in inventory for 2022. (Round days in inventory to 0 decimal places, e.g. 5.) Days in inventory days eTextbook and Media Compute Deere's current ratio using the 2022 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 :1 After adjusting for LIFO reserve: Current ratio :1

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