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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
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) $2,450 $3,300 Current assets 28,888 Current liabilities 12,560 LIFO reserve 5,652 Cost of goods sold 16,790 Compute Deere's inventory turnover for 2025. (Round inventory turnover to 2 decimal places, e.g. 5.12) Inventory turnover times eTextbook and Media Compute Deere's days in inventory for 2025. (Round days in inventory to O decimal places, e.g. 5.) Days in inventory eTextbook and Media days Compute Deere's current ratio using the 2025 data as presented, and then again after adjusting for the LIFO reserve. (Round answers to 2 decimal places, e.g. 5.12:1.) Current ratio based on data presented :1 Current ratio after adjusting for LIFO reserve :1 eTextbook and Media
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