Complete all parts listed under the Concepts section and the Process section as given in the...

  

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Complete all parts listed under the Concepts section and the Process section as given in the case. For the ANALYSIS Section: Complete all three tables in part (f) as given. New: (f) i. of the values reported for Deere & Company in the third table using U.S. GAAP, "Fiscal 2012", which value or values stand out as significantly different for 2012 when comparing "As reported" and "As if FIFO"? Explain why those numbers are so different for Deere. New: (f) ii. Compare Deere's "As if FIFO" Growth in Net Income and Common-size Net Income with those of CNH. Which company do you believe is operating more efficiently? Explain your answer. New: (f)iii. Compare Deere's "As if FIFO" Common-size COGS with that of CNH. Do you believe the difference between the two companies is material? Why or why not? New: (f) iv. Explain the trend in Inventory and Common-size values for Deere using the "As reported" to "As if FIFO" values. Then compare Deere's "As if FIFO" values to CNH's values for Inventory and Common-size Inventory. Which company do you believe is more efficient by holding less Inventory when compared to Total Assets? Explain your answer. SKIP: Remaining sections (a), (h), and (i) Complete the table that follows using information from the financial statements and from the table you completed above. Comment on the results comparing CNH Global with Deere's 'As Reported' and 'As if FIFO' income statement and balance sheet information. Fiscal 2012 Common-size cost of goods sold' Net income Growth in net income. Common-size net income Total assets Inventory Common-size inventory To common size items from Deere & Company CNH Global As reported As if FIFO As reported 74.65% 78-84 80.131, 3029.35 11 33.0 30716 263-80 172.25 209.00 9.047 5.837 5626518 576 86.80 3542600 5170.06591.0 3734.0 919%% 10.541 2 11.43% N Complete all parts listed under the Concepts section and the Process section as given in the case. For the ANALYSIS Section: Complete all three tables in part (f) as given. New: (f) i. of the values reported for Deere & Company in the third table using U.S. GAAP, "Fiscal 2012", which value or values stand out as significantly different for 2012 when comparing "As reported" and "As if FIFO"? Explain why those numbers are so different for Deere. New: (f) ii. Compare Deere's "As if FIFO" Growth in Net Income and Common-size Net Income with those of CNH. Which company do you believe is operating more efficiently? Explain your answer. New: (f)iii. Compare Deere's "As if FIFO" Common-size COGS with that of CNH. Do you believe the difference between the two companies is material? Why or why not? New: (f) iv. Explain the trend in Inventory and Common-size values for Deere using the "As reported" to "As if FIFO" values. Then compare Deere's "As if FIFO" values to CNH's values for Inventory and Common-size Inventory. Which company do you believe is more efficient by holding less Inventory when compared to Total Assets? Explain your answer. SKIP: Remaining sections (a), (h), and (i) Complete the table that follows using information from the financial statements and from the table you completed above. Comment on the results comparing CNH Global with Deere's 'As Reported' and 'As if FIFO' income statement and balance sheet information. Fiscal 2012 Common-size cost of goods sold' Net income Growth in net income. Common-size net income Total assets Inventory Common-size inventory To common size items from Deere & Company CNH Global As reported As if FIFO As reported 74.65% 78-84 80.131, 3029.35 11 33.0 30716 263-80 172.25 209.00 9.047 5.837 5626518 576 86.80 3542600 5170.06591.0 3734.0 919%% 10.541 2 11.43% N

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ANSWER f i of the values reported for Deere Company in the third table using US GAAP Fiscal 2012 the value that stands out as significantly different for 2012 when comparing As reported and As if FIFO ... View the full answer