E9-22A (similar to) Question Heig Eco Homes, Inc builds environmentally sensitive structures. The company's 2018 revenues totaled $2.775 million Al December 31, 2018 and 2017, the company had, respectively $661 million and $591 milion in current assets. The company's 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's long-term liabilities and state how the liability arose Choose the correct liability from the list that best fits the description provided The amount that the company expects to pay after the coming year the result from the company borrowing money Requirements 1. Describe each of Eco's long-term abilities and state how the ability arose 2. What were the company's total assets at December 31, 2018? Evaluate the company's leverage and debt ratios at the end of 2017 and 2018. Use year-end figures in place of averages where needed for calculating the ratios in this exercise Did the company improve, deteriorate or remain about the same over the year? Paint Click to select your answer(s) and then click Check Answer 10 remaining 10 parts Check Answer E9-22A (similar to) Question Help Eco Homes, Inc., builds environmentally sensitive structures. The company's 2018 revenues totaled $2,775 million. At December 31, 2018, and 2017, the company had, respectively, $661 million and $591 million in current assets. The company's balance sheets and income statements reported the following amounts: B (Click the icon to view the amounts.) Read the requirements Requirement 1. Describe each of Eco's long-term liabilities and state how the liability arose. Choose the correct liability from the list that best fits the description provided The amount that the company expects to pay after the coming year, the result from the company borrowing money 2018 2017 At year-end (In millions) Liabilities and stockholders' equity Current liabilities 140 $ 180 Accounts payable Accrued expenses 108 166 Employee compensation and benefits 18 Current portion of long-term debt 10 Total current liabilities 280 374 Long-term bonds payable 1.416 1,325 131 119 Deferred income taxes payable Leases payable 31 27 1.777 Common stockholders' equity 2,020 $ 3.878 $ 3.622 Total liabilities and stockholders' equity Year-end (in millions) Cost of goods sold $ 1.440 $ 800 Print Done 2018 2017 At year-end (In millions) Liabilities and stockholders' equity Current liabilities Accounts payable Accrued expenses Employee compensation and benefits 180 140 $ 108 280 374 1.416 1,325 131 119 Current portion of long-term debt Total current liabilities Long-term bonds payable Deferred income taxes payable Leases payable Common stockholders' equity Total liabilities and stockholders' equity Year-end (in millions) Cost of goods sold 31 27 2,020 1.777 3,878 S 3,622 1.440 $ 800 Print Done