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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
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 2025 annual report. (in millions) Inventories (LIFO) $2,390 2025 2024 $3,210 Current assets 29.116 Current liabilities 12,550 LIFO reserve 3,012 Cost of goods sold 16,016 Compute Deere's inventory turnover for 2025. (Round Inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover times
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