2018 2017 At year-end (In millions) Liabilities and stockholders' equity Current liabilities Accounts payable 182 Accrued expenses 130 $ 150 42 181 19 Accrued employee compensation and benefits Current portion of long-term debt Total current liabilities Long-term debt Post-retirement benefits payable 327 405 1,379 1,312 113 130 Other liabilities 42 21 1,951 1,782 Total stockholders' equity Total liabilities and stockholders' equity Year-end (in millions) $ 3,812 $ 3,650 Cost of goods sold $ 1,716 $ 1,900 Eco Manor Structures, Inc., builds environmentally sensitive structures. The company's 2018 revenues totaled $2.810 million. At December 31, 2018, and 2017, the company had, respectively, S645 million and $595 million in current assets. The December 31, 2018, and 2017, balance sheets and income statements reported the following amounts: (Click the icon to view the amounts.) Read the requirements. Requirement 1. Describe each of Eco Manor Structures, Inc.'s liabilities and state how the liability arose. Choose the correct liability from the list that best fits the description provided. The amount of long-term notes and bonds payable that the company expects to pay after the coming year. A catch-all group of liabilities that do not fit one or more specific categories. This is usually listed among the long-term liabilities. Amounts owed to suppliers for products or services that have been purchased on account. Amounts owed to employees for salaries and other payroll-related expenses. Amounts owed for providing benefits to retirees such as health care costs. The next year's payments on the company's long-term debt. | Expenses that the company has incurred but not yet paid; these are liabilities for expenses such as interest and income taxes Requirement 2. What were the company's total assets at December 31, 2018? The total assets at December 31, 2018 were $ million Choose from any list or enter any number in the input fields and then continue to the next question. Eco Manor Structures, Inc., builds environmentally sensitive structures. The company's 2018 revenues totaled $2,810 million. At December 31, 2018, and 2017, the company had, respectively. $645 million and $595 million in current assets. The December 31, 2018, and 2017. balance sheets and income statements reported the following amounts: (Click the icon to view the amounts.) Read the requirements. Requirement 3. Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payable at the end of 2016 was $198 million. Calculate accounts payable turnover as a ratio and days' payable outstanding (DPO) for 2017 and 2018. Calculate current ratios for 2017 and 2018 as well. Evaluate whether the company improved or deteriorated from the standpoint of its ability to cover accounts payable and current liabilities over the year. Determine the formula for the accounts payable turnover. Then complete the formula and calculate the accounts payable turnover ratios at the end of 2017 and 2018. (Enter amounts in millions.) = Accounts payable tumover 2018 2017 Next, determine the formula for the days' payable outstanding (DPO). Then complete the formula and calculate the days' payable outstanding at the end of 2017 and 2018. (Enter the amounts in the formula to two decimal places, X.XX. Round your answers to the nearest whole day.) = Days' payable outstanding 2018 2017 L L Now, determine the formula for the current ratio. Then complete the formula and calculate the current ralios at the end of 2017 and 2018. (Enter amounts in millions. Round your answer to two decimal places.) Current ratio L 2018 2017 Choose from any list or enter any number in the input fields and then continue to the next question. Evaluate whether the company improved or deteriorated from the standpoint of ability to cover accounts payable and current liabilities over the year. The company's ability to cover accounts payable and current liabilities over the year Choose from any list or enter any number in the input fields and then continue to the next