Question
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) 2025 2024 Inventories (LIFO) $2,410 $3,090 Current assets 29,736 Current liabilities 12,600 LIFO reserve 4,536 Cost of goods sold 15,840 Compute Deere's inventory turnover for 2025. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover eTextbook and Media times Compute Deere's days in inventory for 2025. (Round days in inventory to O decimal places, e.g. 5.) Days in inventory days
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