Prior to beginning work on this discussion, review the liability section in the quarterly balance sheet in the “News Release and Financials” document for Deere & Company you downloaded in Week 1.

Compare the liability section of the balance sheet to the equity section, and discuss whether the relationship of debt to equity is appropriate for the company. Explain whether the debt-to-equity relationship has changed from the previous year, and assess why financial managers should track this relationship over time.