Question

Deere & Company produces and sells tractors, loaders, combines, lawnmowers, and a variety of other equipment. The following data (in millions) were adapted from recent financial statements of Deere.


1. Compute the gross profit percent for Years 1 and 2. Round to one decimal place.
2. Compute the average markup percent for Years 1 and 2. Round to one decimal place.
3. Compute the ratio of sales to assets for Years 1 and 2. Round to two decimal places.
4. Compare the results in parts (1), (2), and (3) for Years 1 and 2. Comment on yourcomparison.


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  • CreatedMarch 11, 2014
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