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Hello, can someone please explain to me 2013. I calculated the average of the average accounts payable by adding the accounts payable accounts from 2014
Hello, can someone please explain to me 2013.
I calculated the average of the average accounts payable by adding the accounts payable accounts from 2014 and 2013 and divided it by 2- which gave me the correct answer for average accounts payable in 2014, as you can see below.
For some reason, it is marking it wrong for 2013. I thought it would be same.
Please explain how I would get the rest of the numbers.
Green Earth Homes, Inc., builds environmentally sensitive structures. The company's 2014 revenues totaled $2,800 million. At December 31, 2014, and 2013, the company had, respectively, $643 million and $588 million in current assets. The December 31, 2014, and 2013, balance sheets and income statements reported the following amounts: (Click the icon to view the amounts.) Requirements 1.Describe each of Green Earth Homes, Inc.'s liabilities and state how the liability arose. 2.What were the company's total assets at December 31, 2014? Evaluate the company's leverage and debt ratios at the end of 2013 and 2014. Did the company improve, deteriorate, or remain about the same over the year? 3.Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payable at the end of 2012 was $202 million. Calculate accounts payable turnover as a ratio and days' payable outstanding (DPO) for 2013 and 2014. Calculate current ratios for 2013 and 2014 as well. Evaluate whether the company improved or deteriorated from the standpoint of ability to cover accounts payable and current liabilities over the year. ratio and days' payable outstanding (DPO) for 2013 and 2014. Calculate current ratios for 2013 and 2014 as well. Evaluate whether the company improved or deteriorated from the standpoint of ability to cover accounts payable and current liabilities over the year. Determine the formula for the accounts payable turnover. Then complete the formula and calculate the accounts payable turnover ratios at the end of 2013 and 2014. (Enter amounts in millions. Round average accounts payable to the nearest whole number. Round your final answer to two decimal places.) Purchases from suppliers (or COGS) I Average accounts payable Accounts payable turnover 2014 $ 2,640 165 16 2013 2925 165 17.72 Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Final Check
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