Question content area bottom Part 1 a. The company's net working capital for 2011 is $ (Enter your answer in thousands of dollars.) Part 2 The company's current ratio for 2011 is (Round to two decimal places.) Part 3 The company's net working capital for 2012 is $ (Enter your answer in thousands of dollars.) Part 4 The company's current ratio for 2012 is (Round to two decimal places.) Part 5 The company's net working capital for 2013 is $ (Enter your answer in thousands of dollars.) Part 6 The company's current ratio for 2013 is (Round to two decimal places.) Part 7 Is the trend in Deere's liquidity improving over this period? (Select the best choice below.) A. No, the firm's net working capital remains negative throughout the years and the current ratio is consistently less than one. B. Yes, the firm's net working capital remains negative throughout the years and the current ratio is consistently less than one. C. No, the firm's net working capital remains positive throughout the years and the current ratio is consistently higher than one. D. Yes, the firm's net working capital remains positive throughout the years and the current ratio is consistently higher than one.
Question content area bottom Part 1 a. The company's net working capital for 2011 is $ (Enter your answer in thousands of dollars.) Part 2 The company's current ratio for 2011 is (Round to two decimal places.) Part 3 The company's net working capital for 2012 is $ (Enter your answer in thousands of dollars.) Part 4 The company's current ratio for 2012 is (Round to two decimal places.) Part 5 The company's net working capital for 2013 is $ (Enter your answer in thousands of dollars.) Part 6 The company's current ratio for 2013 is (Round to two decimal places.) Part 7 Is the trend in Deere's liquidity improving over this period? (Select the best choice below.) A. No, the firm's net working capital remains negative throughout the years and the current ratio is consistently less than one. B. Yes, the firm's net working capital remains negative throughout the years and the current ratio is consistently less than one. C. No, the firm's net working capital remains positive throughout the years and the current ratio is consistently higher than one. D. Yes, the firm's net working capital remains positive throughout the years and the current ratio is consistently higher than one.
Chapter9: Projecting Financial Statements
Section: Chapter Questions
Problem 3bM
Related questions
Question
The following table contains current asset and current liability balances for Deere and Company (DE):
Question content area bottom
Part 1
a. The company's net working capital for 2011 is
$
(Enter your answer in thousands of dollars.)Part 2
The company's current ratio for 2011 is
(Round to two decimal places.)
Part 3
The company's net working capital for 2012 is
$
(Enter your answer in thousands of dollars.)Part 4
The company's current ratio for 2012 is
(Round to two decimal places.)
Part 5
The company's net working capital for 2013 is
$
(Enter your answer in thousands of dollars.)Part 6
The company's current ratio for 2013 is
(Round to two decimal places.)
Part 7
Is the trend in Deere's liquidity improving over this period? (Select the best choice below.)
No, the firm's net working capital remains negative throughout the years and the current ratio is consistently less than one.
Yes, the firm's net working capital remains negative throughout the years and the current ratio is consistently less than one.
No, the firm's net working capital remains positive throughout the years and the current ratio is consistently higher than one.
Yes, the firm's net working capital remains positive throughout the years and the current ratio is consistently higher than one.
![Data table
($ thousands)
Current assets
Cash and cash equivalents
Short-term investments
Net receivables
Inventory
Total current assets
Current liabilities
Accounts payable
Short-term/current long-term debt
Other current liabilities
Total current liabilities
2013
Print
2,290,400
0
3,949,300
3,016,200
9,255,900
6,546,400
8,560,900
0
15,107,300
2012
Done
2,199,700
1,589,300
3,643,100
2,206,500
9,638,600
(Click on the icon in order to copy its contents into a spreadsheet.)
3,098,300
10,376,400
2,779,700
16,254,400
2011
1,625,400
0
3,584,100
1,935,400
7,144,900
4,611,100
8,114,200
0
12,725,300
I
X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2092e9df-7e19-404c-846c-592f07a33015%2F88a8ce0a-9568-4ed1-93ab-07e46971928c%2Fdlurni9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Data table
($ thousands)
Current assets
Cash and cash equivalents
Short-term investments
Net receivables
Inventory
Total current assets
Current liabilities
Accounts payable
Short-term/current long-term debt
Other current liabilities
Total current liabilities
2013
Print
2,290,400
0
3,949,300
3,016,200
9,255,900
6,546,400
8,560,900
0
15,107,300
2012
Done
2,199,700
1,589,300
3,643,100
2,206,500
9,638,600
(Click on the icon in order to copy its contents into a spreadsheet.)
3,098,300
10,376,400
2,779,700
16,254,400
2011
1,625,400
0
3,584,100
1,935,400
7,144,900
4,611,100
8,114,200
0
12,725,300
I
X
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 3 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning