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 $27,208 and total current liabilities of $15,922 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:

	Total	Less than 1 year	2&3 years	4&5 years	More than 5 years
Debt
Equipment operations	$ 2,061	$???130	$??321		$1,610
Financial services	19,598	8,515	7,025	$3,003	1,055
Total	21,659	8,645	7,346	3,003	2,665
Interest on debt	3,857	941	1,102	557	1,257
Purchase obligations	3,212	3,172	26	9	5
Operating leases	358	100	120	58	80
Capital leases	29	3	6	4	16
Total	$29,115	$12,861	$8,600	$3,631	$4,023

Instructions

(a)	Compute Deere & Company's working capital and current ratio (current assets 4 current liabilities) with and without the contractual obligations reported in the schedule.
(b)	Briefly discuss how the information provided in the contractual obligation disclosure would be useful in evaluating Deere & Company for loans (1) due in one year and (2) due in five years.