Foo Homes, the, builds emironmentally senitwe structures. The company's.2021 revenues totaled 52,770 million. At December 31, 2021, and 2020 , the company had, respectively, $850 milion and $585 milion in current assets. The December 31, 2021, and 2020, balance sheets and income statements reported the following amcunts: (Cick the icon to view the amounts) Read the movirements Requirement 1. Describe each of Eeo Homes, Inc's liabilties and state how the liablity arose. Choose the correct labality trom the list that best fits the description provided. Long-tem debt The amount of long-term notes and bonds payable that the company expects to pay after the coming year. Other labindes A catch-all group of lablities that do not fit one or more specific categories. This is usually listed among the iong-term liabitites Amounts owsd to suppliers for products or services that have been purchased on account. Accrved employee compensation and benefits Amounts owed to employoes for salaries and other payroll-related expenses. Postretrement benefits Amounts owed for providing benefits to retirees such as health care costs. Curtant parion of iony-term debt The next year's payments on the company's long-term debt. Expenses that the company has incurred but not yot pald, these are liabilities for expenses auch as interest and income 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-t abintes. 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. Post-retirement benefits Amounts owed for providing benefits to retirees such as health care costs. Current portion of long-term debt The next year's payments on the company's long-term debt. Accrued expenses Expenses that the company has incurred but not yet paid; these are liabilities for expenses such as interest and inco taxes. Requirement 2. What were the company's total assets at December 31,2021 ? The total assets at December 31,2021 were py expects to pay after the coming yea tegories. This is usually listed among purchased on account. axpenses. a costs. e liabuities for expenses such as intere Eoo Homes, Inc. bulids environmentally sensitive structures. The company's 2021 revenues totaled $2,770 million. At December 31, 2021, and 2020, the company h. respectively, $650 million and $585 million in current assets. The December 31,2021 , and 2020, balance sheets and income statements reported the following amour IIt (Click the icon to view the amounts.) Requirements 1. Describe each of Eco Homes, Ine.'s labilities and state how the liability arese. any expects to pay affer the ooming year. 2. What were the company's total assets at December 31, 2021? 3. Assume that beginning and ending inventories for both periods did not differ categories. This is usually listed among the iong-term by a material amount. Accounts payable at the end of 2019 was $202 million. Calculate accounts payable turnover as a ratio and days' payable outatanding (DPO) for 2020 and 2021. Calculate current ratios for 2020 and en purchased on account. 2021 as well. Evaluate whether the company improved or deteriorated from the standpoint of its ability to cover acoounts payable and current liabilities d expenses. over the year. dare costs. are liabties for expenses such ats interest and income