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Exercise 6-11 (Part Level Submission) Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following
Exercise 6-11 (Part Level Submission)
Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2014 annual report.
(in millions) | 2014 | 2013 | ||
Inventories (LIFO) | $2,342 | 2,973 | ||
Current assets | 30,584 | |||
Current liabilities | 12,841 | |||
LIFO reserve | 1,157 | |||
Cost of goods sold | 16,863 |
Compute Deere
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