Compute Deere inventory turnover and days in inventory

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Reference no: EM131828071

Question: Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2017 annual report.

Instructions: (a) Compute Deere's inventory turnover and days in inventory for 2017. (Round inventory turnover to 2 decimal places.)

(b) Compute Deere's current ratio using the 2017 data as presented, and then again after adjusting for the LIFO reserve.

Reference no: EM131828071

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