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Compute Deere's inventory turnover for 2022. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover eTextbook and Media Compute Deere's days in inventory for 2022. (Round days in inventory to O decimal places, e.g. 5.) Days in inventory eTextbook and Medial days Compute Deere's current ratio using the 2022 data as presented, and then again after adjusting for the LIFO reserve. (Round answers to 2 decimal places, e.g. 5.12:1.) Based on data presented: Current ratio :1

Compute Deere's inventory turnover for 2022. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover eTextbook and Media Compute Deere's days in inventory for 2022. (Round days in inventory to O decimal places, e.g. 5.) Days in inventory eTextbook and Medial days Compute Deere's current ratio using the 2022 data as presented, and then again after adjusting for the LIFO reserve. (Round answers to 2 decimal places, e.g. 5.12:1.) Based on data presented: Current ratio :1

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2022 annual report. (in millions) Inventories (LIFO) Current assets Current liabilities 2022 2021 $2,397 3,042 30,857 12.753 LIFO reserve 1,367 Cost of goods sold 16,255 Compute Deere's inventory turnover for 2022. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover eTextbook and Media Compute Deere's days in inventory for 2022. (Round days in inventory to 0 decimal places, e.g. 5.) Days in inventory eTextbook and Media days Compute Deere's current ratio using the 2022 data as presented, and then again after adjusting for the LIFO reserve. (Round answers to 2 decimal places, e.g. 5.12:1.) Based on data presented: Current ratio After adjusting for LIFO reserve: Current ratio :1 :1
Transcribed Image Text:Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2022 annual report. (in millions) Inventories (LIFO) Current assets Current liabilities 2022 2021 $2,397 3,042 30,857 12.753 LIFO reserve 1,367 Cost of goods sold 16,255 Compute Deere's inventory turnover for 2022. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover eTextbook and Media Compute Deere's days in inventory for 2022. (Round days in inventory to 0 decimal places, e.g. 5.) Days in inventory eTextbook and Media days Compute Deere's current ratio using the 2022 data as presented, and then again after adjusting for the LIFO reserve. (Round answers to 2 decimal places, e.g. 5.12:1.) Based on data presented: Current ratio After adjusting for LIFO reserve: Current ratio :1 :1
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