Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(Related to Checkpoint 18.1) (Measuring firm liquidity) The following table contains current asset and current liability balances for Deere and Company (DE): ]. a. Measure

image text in transcribed
(Related to Checkpoint 18.1) (Measuring firm liquidity) The following table contains current asset and current liability balances for Deere and Company (DE): ]. a. Measure the liquidity of Deere & Co. for each year using the company's net working capital and current ratio. b. Is the trend in Deere's liquidity improving over this period? a. The company's net working capital for 2011 is $ . (Enter your answer in thousands of dollars.) - X Data table ($ thousands) 2013 2012 2011 Current assets Cash and cash equivalents 2,267,500 2,230,000 1,786,600 Short-term investments 1,578,600 Net receivables 3,889,400 3,664,300 3,599,200 Inventory 2,984,000 2,254,800 1,886,600 Total current assets 9,140,900 9,727,700 7,272,400 Current liabilities Accounts payable 6,684,700 3,078,600 4,760, 100 Short-term/current long-term debt 8,582,300 10,340,300 8,299,900 Other current liabilities 2,866,900 Total current liabilities 15,267,000 285,800 13,060,000 (Click on the icon in order to copy its contents into a spreadsheet.) Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial management theory and practice

Authors: Eugene F. Brigham and Michael C. Ehrhardt

13th edition

1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099

More Books

Students also viewed these Finance questions