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Green Domes, Inc., builds environmentally sensitive structures. The company's 2018 revenues totaled $2,785 million. At December 31, 2018, and 2017, the company had, respectively, S655
Green Domes, Inc., builds environmentally sensitive structures. The company's 2018 revenues totaled $2,785 million. At December 31, 2018, and 2017, the company had, respectively, S655 million and $585 million in current assets. The December 31, 2018, and 2017, balance sheets and income statements reported the following amounts: EEB (Click the ioon to view the amounts) Read the requirements Other liabilities A catch-all group of liabilities that do not fit one or more specific categories. This is usually listed among the long-term liabilities. Accounts payable Amounts owed to suppliers for products or services that have been purchased on account Accrued employee compensation and banefits 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 years payments on the company's long-term debt Expenses that the company has incurred but not yet paid; there liabilities for expenses such as interest and income taxes. Post-retirement benefits Current portion of long-term debt Accrued expenses Requirement 2. What were the companys total assets at December 31, 2018? The total assets at December 31, 2018 were 4,091 million. 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 $188 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 Detemine 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.) Purchases from suppliers (or COGS) Average accounts payable Accounts payable turnover 2018
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