MO6. Classwork - Reporting and Analyzing Inventory Question 9 of 13 0/1 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 3.050 (in millions) Inventories Current assets Current liabilities LIFO reserve Cost of goods sold 2022 $2,450 29,601 12,650 4,301 16,060 X Your answer is incorrect. Compute Deere's inventory turnover for 2022. (Round Inventory turnover to 2 decimal places es. 5.12.) Inventory turnover 6.56 106 - Classwork - Reporting and Analyzing Inventory Question 9 of 13 0/1 X Your answer is incorrect Compute Deere's days in inventory for 2022. (Round days in inventory to O decimal places, e3.5.) Days in inventory days e Textbook and Media X Your answer is incorrect. 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.) Based on data presented: Current ratio After adjusting for LIFO reserve: Current ratio :1 :1 eTextbook and Media