Eco Manor Structures, Inc., builds environmentally sensitive structures. The company's 2016 revenues totaled $2,820 million. At December 31, 2016, and 2015, the company had, respectively, $650 milion and $584 million in current assets. The December 31, 2016, and 2015, 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 a company expects to pay after the coming year. Requirements Describe each of Eco Manor Structures, Inc.'s liabilities and state how the liability arose. What were the company's total assets at December 31, 2016? Evaluate the company's leverage and debt ratios at the end of 2015 and 2016. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this exercise. Did the company improve, deteriorate, or remain about the same over the year? Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payable at the end of 2014 was $194 million. Calculate accounts payable turnover as a ratio and days' payable outstanding (DPO) for 2015 and 2016. Calculate current ratios for 2015 and 2016 as well. Evaluate whether the company improved or deteriorated from the standpoint of ability to cover accounts payable and current liabilities over the year. 1. 2. 3. Click to select your answer(s) Eco Manor Structures, Inc., builds environmentally sensitive structures. The company's 2016 revenues totaled $2,820 million. At December 31, 2016, and 2015, the company had, respectively, $650 milion and $584 million in current assets. The December 31, 2016, and 2015, 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 a company expects to pay after the coming year. Requirements Describe each of Eco Manor Structures, Inc.'s liabilities and state how the liability arose. What were the company's total assets at December 31, 2016? Evaluate the company's leverage and debt ratios at the end of 2015 and 2016. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this exercise. Did the company improve, deteriorate, or remain about the same over the year? Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payable at the end of 2014 was $194 million. Calculate accounts payable turnover as a ratio and days' payable outstanding (DPO) for 2015 and 2016. Calculate current ratios for 2015 and 2016 as well. Evaluate whether the company improved or deteriorated from the standpoint of ability to cover accounts payable and current liabilities over the year. 1. 2. 3. Click to select your answer(s)
