View Help Tell me what you want to do to edit, it's safer to stay in Protected View. Enable Editing 1. How has Deere dealt with its worldwide decline in sales? 5 points "Deere reported net income of $665.8 million...compared with $1.13 billion... in the year-earlier quarter". What has been the percentage decline in net income from a year earlier? 5 points 2. Why might refinancing a mortgage not make sense even if it reduces the monthly payment? What are some of the options for using the additional money saved from a refinancing? 10 points 3. A student is planning to make a 1,000 mile trip. Her car gets 25 miles to the gallon. Gasoline prices are $1.80 per gallon. She expects food and board will cost $110 per day. The trip will take two days. She has budgeted $280 for the trip. How many gallons of gasoline will she need? 5 points How much money will she need to make the trip? 5 points What percent of the total cost was due to transportation? 5 points Did she budget enough money for the trip? Explain. 5 points 4. Use the following financial information to answer the questions that follow: Deere Caterpillar Revenue $36 Billion $55 Billion Net Income $3 Billion $3.7 Billion Total Assets $61 Billion $85 Billion Total Debt $52 Billion $70 Billion Dividend per share $2.40 $3.08 Earnings per share $6.00 $5.86 Compare Deere and Caterpillar's asset use efficiency and financial leverage. (Looking for ratios.) 20 points Discuss (using the info in the table) whether a larger size, as measured by total assets, leads to a higher retention ratio. (Remember numbers) 10 points