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.

(in millions)		2017		2016
Inventories (LIFO)		$2,397		3,042
Current assets		30,857
Current liabilities		12,753
LIFO reserve		1,367
Cost of goods sold		16,255

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Compute Deere & Companys inventory turnover for 2017. (Round inventory turnover to 2 decimal places, e.g. 5.12.)

Inventory turnover

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Compute Deere & Companys days in inventory for 2017. (Round days in inventory to 0 decimal places, e.g. 5.)

Days in inventory

days

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Compute Deere & Companys 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			:1
After adjusting for LIFO reserve: Current ratio			:1