The annual financial statements of Deere & Co. (Symbol: DE) are provided as follows. And DEs weighted average cost of capital is assumed to be 8.25% per year.

Use the provided financial statement data to solve the following questions: 1) What shall be the amount (in $ thousands) of Free Cash Flow (FCF) for Year 2019? 2) What shall be the amounts (in thousands) of Economic Value Added (EVA) for Years 2019 and 2018, respectively? 3) What shall be the amounts of % Return on Invested Capital (ROIC) for Years 2019 and 2018, respectively? 4) Based on all these above solution outcomes (FCF, EVA, ROIC), have DE's general financial conditions turn better or worse between those two years? Provide a briefing (a few sentences) of critical thinking summary; do NOT simply say: "I think overall it looks better (or worse)." Y2019 Y2018 $39,258,000 $26,792,000 $12,466,000 $37,358,000 $25,571,000 $11,787,000 $6,149,000 Annual Balance Sheet Period Ending: (All amounts are in USD thousands) Current Liabilities Cash and Cash Equivalents Short-Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long-Term Assets Long-Term Investments Fixed Assets Goodwill Intangible Assets Other Assets Deferred Asset Charges Total Assets Current Liabilities Accounts Payable Short-Term Debt / Current Portion of Long-Term Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Liabilities Deferred Liability Charges Misc. Stocks Minority Interest Total Liabilities Stock Holders Equity Common Stocks Capital Surplus Retained Earnings Treasury Stock Other Equity Total Equity Total Liabilities & Equity Deere & Company Common Stock (DE) Financials Annual Income Statement Y2019 Y2018 Period Ending: (All amounts are in USD thousands) Total Revenue $3,857,000 $3,904,000 Cost of Revenue $581,000 $490,000 Gross Profit $40,341,000 $37,838,000 Operating Expenses $5,975,000 Research and Development $0 $0 Sales, General and Admin. $50,754,000 $48,381,000 Non-Recurring Items Other Operating Items $215,000 $207,000 Operating Income $13,540,000 $13,033,000 Add'l income/expense items $2,917,000 $3,101,000 Earnings Before Interest and Tax $1,380,000 $1,562,000 Interest Expense $2,739,000 $3,016,000 Earnings Before Tax $1,466,000 $808,000 Income Tax $73,011,000 $70,108,000 Minority Interest Equity Earnings/Loss Unconsolidated Subsidiary $10,293,000 $10,796,000 Net Income Cont. Operations $15,105,000 $15,019,000 Net Income $0 $0 Net Income Applicable to Common Shareholders $25,398,000 $25,815,000 $30,229,000 $27,237,000 $5,953,000 $5,751,000 $0 $0 $4,000 $3,000 $14,000 $14,000 $61,584,000 $58,806,000 $1,783,000 $5,129,000 $0 $0 $5,554,000 $0 $5,554,000 $1,466,000 $4,088,000 $852.000 $21,000 ($4,000) $3,253,000 $3,253,000 $3,253,000 $1,658,000 $4,854,000 $0 $0 $5,275,000 $0 $5,275,000 $1,204,000 $4,071,000 $1,727,000 $27,000 ($3,000) $2,368,000 $2,368,000 $2,368,000 $4,642,000 $29,852,000 ($17,474,000) $0 ($5,607,000) $11,413,000 $73,011,000 $4,474,000 $27,553,000 ($16,312,000) $0 ($4,427,000) $11,288,000 $70,108,000 Use the provided financial statement data to solve the following questions: 1) What shall be the amount (in $ thousands) of Free Cash Flow (FCF) for Year 2019? 2) What shall be the amounts (in thousands) of Economic Value Added (EVA) for Years 2019 and 2018, respectively? 3) What shall be the amounts of % Return on Invested Capital (ROIC) for Years 2019 and 2018, respectively? 4) Based on all these above solution outcomes (FCF, EVA, ROIC), have DE's general financial conditions turn better or worse between those two years? Provide a briefing (a few sentences) of critical thinking summary; do NOT simply say: "I think overall it looks better (or worse)." Y2019 Y2018 $39,258,000 $26,792,000 $12,466,000 $37,358,000 $25,571,000 $11,787,000 $6,149,000 Annual Balance Sheet Period Ending: (All amounts are in USD thousands) Current Liabilities Cash and Cash Equivalents Short-Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long-Term Assets Long-Term Investments Fixed Assets Goodwill Intangible Assets Other Assets Deferred Asset Charges Total Assets Current Liabilities Accounts Payable Short-Term Debt / Current Portion of Long-Term Debt Other Current Liabilities Total Current Liabilities Long-Term Debt Other Liabilities Deferred Liability Charges Misc. Stocks Minority Interest Total Liabilities Stock Holders Equity Common Stocks Capital Surplus Retained Earnings Treasury Stock Other Equity Total Equity Total Liabilities & Equity Deere & Company Common Stock (DE) Financials Annual Income Statement Y2019 Y2018 Period Ending: (All amounts are in USD thousands) Total Revenue $3,857,000 $3,904,000 Cost of Revenue $581,000 $490,000 Gross Profit $40,341,000 $37,838,000 Operating Expenses $5,975,000 Research and Development $0 $0 Sales, General and Admin. $50,754,000 $48,381,000 Non-Recurring Items Other Operating Items $215,000 $207,000 Operating Income $13,540,000 $13,033,000 Add'l income/expense items $2,917,000 $3,101,000 Earnings Before Interest and Tax $1,380,000 $1,562,000 Interest Expense $2,739,000 $3,016,000 Earnings Before Tax $1,466,000 $808,000 Income Tax $73,011,000 $70,108,000 Minority Interest Equity Earnings/Loss Unconsolidated Subsidiary $10,293,000 $10,796,000 Net Income Cont. Operations $15,105,000 $15,019,000 Net Income $0 $0 Net Income Applicable to Common Shareholders $25,398,000 $25,815,000 $30,229,000 $27,237,000 $5,953,000 $5,751,000 $0 $0 $4,000 $3,000 $14,000 $14,000 $61,584,000 $58,806,000 $1,783,000 $5,129,000 $0 $0 $5,554,000 $0 $5,554,000 $1,466,000 $4,088,000 $852.000 $21,000 ($4,000) $3,253,000 $3,253,000 $3,253,000 $1,658,000 $4,854,000 $0 $0 $5,275,000 $0 $5,275,000 $1,204,000 $4,071,000 $1,727,000 $27,000 ($3,000) $2,368,000 $2,368,000 $2,368,000 $4,642,000 $29,852,000 ($17,474,000) $0 ($5,607,000) $11,413,000 $73,011,000 $4,474,000 $27,553,000 ($16,312,000) $0 ($4,427,000) $11,288,000 $70,108,000