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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 2017 annual
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) Inventories (LIFO) Current assets Current liabilities LIFO reserve Cost of goods sold $2,600 33,598 11,907 1,293 16,301 2,911 Compute Deere & Company's inventory turnover for 2017. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover LINK TO TEXT VIDEO: SIMILAR EXERCISE Compute Deere & Company's days in inventory for 2017. (Round days in inventory to 0 decimal places, e.g. 5 Days in inventory days LINK TO TEXT VIDEO: SIMILAR EXERCISE 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
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