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Exercise 6-13 Deere & Company is a olobal manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its
"Exercise 6-13 Deere & Company is a olobal manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2017 annual report. (in milions) Inventories (LIFO) 201.7 2016 3,042 $2,397 857 Current assets Current liabilities 12,753 1,367 Tro reserve Cost of gopds sold 16,255 Comoute Deere & Company s ihventory turnover for 2017. Round inventory turnover to 2 decimal places, e-.5.12.) Invenitory turnover Compute Deere a companv s days in inveritory for 2017. (Round days in inventory to o decimal places, e.g. 5.) days Days in inventory Compute Deere Company's current ratio usino the 2017 data as presented, wnd then aaain after adjusting for the LIFO reserve. (Round answers to 2 decimal places, e.g. s 12 1) Based on data presented: Current ratic After adjusting for LIFO reserve: current ratio Question Attempts: Unlimited
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