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Financial Statement Analysis Case 3 Presented below is the SEC-mandated disclosure of contractual obligations provided by Deere & Company in a recent annual report. Deere

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Financial Statement Analysis Case 3 Presented below is the SEC-mandated disclosure of contractual obligations provided by Deere & Company in a recent annual report. Deere & Company reported current assets of $50,060 and total current liabilities of $21,394 at year-end. (All dollars are in millions.) Aggregate Contractual Obligations The payment schedule for the company's contractual obligations at year-end in millions of dollars is as follows: ore than 1-3 4 and 5 Total ears ears Debt S 775 6,578 7,353 745 $ 434 9,962 $ 5,091 31,692 36,783 $ 270 11,477 11,747 1,069 90 $3,612 Financial services 10,396 2,611 2,970 Total 7,287 Interest on debt Accounts payable Capital leases Purchasing obligations Operating leases Total 2,743 3,007 371 37 134 $13,119 121 70 46 $47,768 $16,746 $ 8,211 $9,692 (a) Compute Deere & Company's working capital and current ratio (current assets current liabilities) with and without the contractual obligations reported in the schedule. (Round ratio values to 2 places, e.g. 52.75:1.) Without Contractual Obligations With Contractual Obligations Working Capital Current Ratio Click if you would like to Show Work for this question: Open Show Work

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