Solved: Compute deeres inventory turnover ratio and days in, Accounting Basics

+44 141 628 6080
[email protected]

Compute deeres inventory turnover ratio and days in

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.

View Complete Question

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Compute deeres inventory turnover ratio and days in

Reference No:- TGS0799494

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Review a social, behavioral, or cultural factor

Bearing in mind that there may be several, choose a social, behavioral, or cultural factor associated with your selected domestic violence

Describe some of your personality traits

Adler believed that your birth order determines, to a large extent, your personality. He stated that your traits reflect, somehow, how you have achieved

Is early food experiences can impact development

Early food experiences can impact development over several learning domains, including Social and Emotional Development, Language

Discussion about gender stereotyping

Prior to your taking this graduate HR law class you had heard of the term "gender stereotyping," but didn't know much about it.

Describe the results, including any scores

Describe the results, including any scores. Result: E6% Extraverted Action oriented, Outgoing, Expressive, Hands-On S17% Sensing Traditional,

Problem regarding the america youth and social media

Think about where you were the most and least engaged when reading a classmate's draft. Think about what captured your attention

Provide reasons why working from a person centred

Provide five (5) reasons why working from a person centred, strengths-based positive framework, and providing positive lifestyle strategies can reduce

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Compute deeres inventory turnover ratio and days in

Reference No:- TGS0799494

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : The secondary coil of a step-up transformer provides the

Q : Calculate ending inventory cost of goods sold gross profit

Q : Arod length 80 cm with a rectangular cross section 15 mm

Q : Define gene expression and explain how the information

Q : Compute deeres inventory turnover ratio and days in

Q : If a gas cylinder has a pressure of 2250 psi at 25 c what

Q : Predict the ir bands and the nmr signals which are expected

Q : While calibrating your ocular micrommeter you note that

Q : Based on what is known about cell division what woul happen