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Business, 26.03.2020 05:28 yeen01

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.

(in millions) 2022 2021
Inventories $2,410 3,430
Current assets 30,192
Current liabilities 12,580
LIFO reserve 3,774
Cost of goods sold 16,936

Compute Deere & Company's days in inventory for 2017.

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