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Compute deeres inventory turnover ratio

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Reference no: EM13531561

Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. It reported the following information in its 2009 annual report.

(in millions)

2009

2008

Inventories (LIFO)

$2,397

3,042

Current assets

30,857

Current liabilities

12,753

LIFO reserve

1,367

Cost of goods sold

16,255

Instructions

(a) Compute Deere"s inventory turnover ratio and days in inventory for 2009.

(b) Compute Deere"s current ratio using the 2009 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.

Reference no: EM13531561

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