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g. The average inventory holding period is estimated using the following formula (the denominator is referred to as the inventory turnover ratio): 365 days Average Inventory Holding Period Cost of Sales Average Inventory Use data from the financial statements to estimate the average inventory holding period for Deere and CNH Global for fiscal 2011 and 2012. Calculate the metric for both companies with their reported (ie, unadjusted) numbers. Additional information: CNH Global's inventory balance at the end of fiscal 2010 was $2,937. Evaluate how well Deere manages its inventory relative to its competitor, CNH Global. Now recalculate the average holding period for Deere using their adjusted (ie, FIFO) numbers. Do you come to a different conclusion about their inventory turnover and management's relative performance? g. The average inventory holding period is estimated using the following formula (the denominator is referred to as the inventory turnover ratio): 365 days Average Inventory Holding Period Cost of Sales Average Inventory Use data from the financial statements to estimate the average inventory holding period for Deere and CNH Global for fiscal 2011 and 2012. Calculate the metric for both companies with their reported (ie, unadjusted) numbers. Additional information: CNH Global's inventory balance at the end of fiscal 2010 was $2,937. Evaluate how well Deere manages its inventory relative to its competitor, CNH Global. Now recalculate the average holding period for Deere using their adjusted (ie, FIFO) numbers. Do you come to a different conclusion about their inventory turnover and management's relative performance