Green Earth Homes, Inc., builds environmentally sensitive structures. The company's $2021$ revenues totaled $$2,81$$

December $31,2021,$ and $2020,$ balance sheets and income statements reported the following amounts:

$($Click the icon to view the amounts.$)$

Read the requirements.

Requirement $1.$ Describe each of Green Earth Homes, Inc.$\text{'}$s liabilities and state how the liability arose.

Choose the correct liability from the list that best fits the description provided.

Long$-$term debt

The amount of long$-$term notes and bonds payable that the compa

Other liabilities

Accounts payable

Accrued employee compensation and benefits

Post$-$retirement benefits

Current portion of long$-$term debt

Accrued expenses

Requirements

Describe each of Green Earth Homes, Inc.$\text{'}$s liabilities and state how the

liability arose.

What were the company's total assets at December $31,2021?$

Assume that beginning and ending inventories for both periods did not differ

by a material amount. Accounts payable at the end of $2019$ was $$198$ million.

Calculate accounts payable turnover as a ratio and days' payable outstanding

$($DPO$)$ for $2020$ and $2021.$ Calculate current ratios for $2020$ and $2021$ 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.

Requirement $2.$ What were the company's total assets at December $31,2021?$

The total assets at December $31,2021$ were

million.