Deere \& Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment....
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Accounting
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. Compute Deere's current ratio using the 2022 data as presented, and then again after adjusting for the L.IFO reserve. (Round answers to 2 decimal places, e.g. 5.12:1) Based on data presented: Current ratio After adjusting for LIFO reserve: Current ratio
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