Question
The following table contains current asset and current liability balances for Deere and Company (DE): LOADING... . a.Measure the liquidity of Deere & Co. for
The following table contains current asset and current liability balances for Deere and Company (DE):
LOADING...
.
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?
($ thousands) 2013 2012 2011 Current assets Cash and cash equivalents 2,292,400 2,284,700 1,630,500 Short-term investments 0 1,717,500 0 Net receivables 3,886,300 3,627,300 3,529,600 Inventory 3,083,100 2,215,500 1,804,600 Total current assets 9,261,800 9,845,000 6,964,700 Current liabilities Accounts payable 6,505,200 3,086,200 4,746,200 Short-term/current long-term debt 8,432,400 10,071,000 8,226,500 Other current liabilities 0 2,796,300 0 Total current liabilities 14,937,600 15,953,500 12,972,700
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started