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.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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.
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
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