Geodesic Domes, Inc., builds environmentally sensitive structures. The company's 2020 revenues totalled \(\$ 2,800\) million. At December 31,2020 , and 2019, the company had \$661 million and \(\$ 600\) million in current assets, respectively. Accounts payable at the end of 2018 was \(\$ 190\) million. The December 31, 2020, and 2019, balance sheets and income statements reported the following amounts:

{Requirements}
1. Describe each of Geodesic Domes, Inc.'s liabilities and state how the liability arose 2. Evaluate whether the company's ability to pay its long-term debts improved, deteriorated, or remained about the same over the year.
3. Evaluate whether the company's ability to pay its short-term debts improved, deteriorated, or remained about the same over the year

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At Year-End (in millions) Liabilities and shareholders' equity Current liabilities Accounts payable.. Accrued expenses. Employee compensation and benefits. Current portion of long term cebt. Total current liabilities. Long-term debt Post-retirement benefits payable Other liabilities........ Shareholders' equity Total liabilities and shareholders' equity. Year-end (in millions) Cost of goods sold. 2020 2019 $ 110 97 45 7 259 1,394 102 E 182 1,951 $3,714 $3,375 $1,656 $1,790