Question: Current Attempt in Progress Deere & Company is a global manufacturer and distributor of agricultural construction, and forestry equipment. The company reports inventory and cost
Current Attempt in Progress 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 2022 annual report 2021 3,180 (in millions) Inventories Current assets Current liabilities LIFO reserve Cost of goods sold 2022 52,430 28,672 12,800 4,608 16,830 Compute Deere's inventory turnover for 2022. (Round inventory turnover to 2 decimal places, s. 5.12) Inventory turnover cTextbook and Media Compute Deere's days in inventory for 2022. (Round days in inventory to decimal places. es. 5.) days Days in inventory e Textbook and Media 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, eg. 5.12.1.) -1 Based on data presented: Current ratio 21 After adjusting for LIFO reserve: Current ratio e Textbook and Media
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