Question
The following table contains current asset and current liability balances for Deere and Company (DE): ($ thousands) 2013 2012 2011 Current assets Cash and cash
The following table contains current asset and current liability balances for Deere and Company (DE):
($ thousands) | 2013 | 2012 | 2011 |
| |||
Current assets | |||||||
Cash and cash equivalents | 22,205,400 | 2,128,900 | 1,611,600 | ||||
Short-term investments | 00 | 1,579,600 | 00 | ||||
Net receivables | 3,843,300 | 3,660,000 | 3,405,400 | ||||
Inventory | 2,920,600 | 2,299,800 | 1,959,500 | ||||
Total current assets | 8,969,300 | 9,668,300 | 6,976,500 | ||||
Current liabilities | |||||||
Accounts payable | 6,653,100 | 3,187,200 | 4,653,700 | ||||
Short-term/current long-term debt | 8,437,300 | 10,027,300 | 8,268,600 | ||||
Other current liabilities | 00 | 02,894,000 | 00 | ||||
Total current liabilities | 15,090,400 | 16,108,500 | 12,922,300 |
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?
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