Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. The company reports inventory and cost of goods sold using the LIFO method. Suppose it reported the following information in its 2025 annual report.

Instructionsa. Compute Deere’s inventory turnover and days in inventory for 2025. (Round inventory turnover to 2 decimal places.)b. Compute Deere’s current ratio using the 2025 data as presented, and then again after adjusting for the LIFO reserve.c. Comment on how ignoring the LIFO reserve might affect your evaluation of Deere’s liquidity.

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(in millions) Inventories (LIFO) Current assets Current liabilities LIFO reserve Cost of goods sold 2025 $ 2,397 30,857 12,753 1,367 16,255 2024 $3,042