The following table contains current asset and current liability balances for Deere and Company(DE): a.Measure...
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Finance
The following table contains current asset and current liability balances for Deere and Company(DE): a.Measure the liquidity of Deere & Co. for each year using the company's net working capital and current ratio.
b.Is the trend in Deere's liquidity improving over this period?
| ($ thousands) | 2013 | 2012 | 2011 |
| |||
| Current assets | |||||||
| Cash and cash equivalents | 2,181,000 | 2,177,600 | 1,624,900 | ||||
| Short-term investments | 0 | 1,626,900 | 0 | ||||
| Net receivables | 3,979,600 | 3,753,300 | 3,593,600 | ||||
| Inventory | 3,007,800 | 2,259,400 | 1,846,100 | ||||
| Total current assets | 9,168,400 | 9,817,200 | 7,064,600 | ||||
| Current liabilities | |||||||
| Accounts payable | 6,591,500 | 3,132,000 | 4,762,400 | ||||
| Short-term/current long-term debt | 8,544,900 | 9,990,100 | 8,154,200 | ||||
| Other current liabilities | 0 | 2,836,500 | 0 | ||||
| Total current liabilities | 15,136,400 | 15,958,600 | 12,916,600 |
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