i. Of the values reported for Deere & Company in the third table using U.S. GAAP, Fiscal 2012, which value or values stand

out as significantly different for 2012 when comparing As reported and As if FIFO? Explain why those numbers are so different for Deere.

ii. Compare Deeres As if FIFO Growth in Net Income and Common-size Net Income with those of CNH. Which company do you

believe is operating more efficiently? Explain your answer.

iii. Compare Deeres As if FIFO Common-size COGS with that of CNH. Do you believe the difference between the two companies is material? Why or why not?

iv. Explain the trend in Inventory and Common-size values for Deere using the As reported to As if FIFO values.

Then compare Deeres As if FIFO values to CNHs values for Inventory and Common-size Inventory. Which company do you believe is more efficient by holding less Inventory when compared to Total Assets? Explain your answer.