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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
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) $2,440 3,390 Current assets 29,835 Current liabilities 12,750 LIFO reserve 3,570 Cost of goods sold 16,907 Compute Deere's inventory turnover for 2022. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover e Textbook 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 Compute Deere's days in inventory for 2022. (Round days in inventory to O decimal places, e.g. 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.) Based on data presented: Current ratio After adjusting for LIFO reserve: Current ratio
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