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Deere & Company is a global manufacturer and distributor of agricultural, construction and forestry equipment. The company reports inventory and cost of goods sold using

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Deere & Company is a global manufacturer and distributor of agricultural, construction and forestry equipment. The company reports inventory and cost of goods sold using the LIFO method. Suppose it reported the following information in its 2022 annual report 2021 3,042 in millions Inventories Current assets Current liabilities LIFO reserve Cost of goods sold 2022 $2,397 30.857 12.753 1.367 16.255 Compute Deuce's inventory turnover for 2022. Round inventory turnover to 2 decime ploces es 5.12) Inventory turnover Compute Deere's days in inventory for 2022. (Round days in inventory to decimal places, eg. 5.) Days in inventory days e Textbook 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, eg, 5.12:1.) 11 Based on data presented: Current ratio After adjusting for LIFO reserve: Current ratio

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