i Data Table (In millions) Best Deal Corporation Modern Stores, Inc. 1. Total.assets. . 16,830 S 203,706 2. Total.common.stockholders.equity. .. 3,085 71,820 S 3. Operating income 1,300 S 26,820 Interest expense. . 4. S 89 2,042 5. Leverage ratio 6. Total.debt 7. Deht.ratia 8. Times.interest.earned Print Done Eco Homes, Inc., builds environmentally sensitive structures. The company's 2018 revenues totaled $2,815 million. At December 31, 2018, and 2017, the company had, respectively, $646 million and $580 million in current assets. The December 31, 2018, and 2017, balance sheets and income statements reported the following amounts: EEB (Click the icon to view the amounts.) Read the requirements Requirement 1. Describe each of Eco Homes, Inc.'s liabilities and state how the liability arose. Choose the correct liability from the list that best fits the description provided. Accounts payable The amount of long-term notes and bonds payable that the company expects to pay after the coming year. Accrued employee compensation and benefits A catch-all group of liabilities that do not fit one or more specific categories. This is usually listed among the long-term liabilities. Accrued expenses Amounts owed to suppliers for products or services that have been purchased on account. Current portion of long-term debt Amounts owed to employees for salaries and other payroll-related expenses. Long-term debt Amounts owed for providing benefits to retirees such as health care costs. Other liabilities The next year's payments on the company's long-term debt. Post-retirement benefits Expenses that the company has incurred but not yet paid; these are liabilities for expenses such as interest and income taxes. Requirement 2. What were the company's total assets at December 31, 2018? The total assets at December 31, 2018 were $ million Choose from any list or enter any number in the input fields and then continue to the next question. Read the requirements 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 $206 million. Calculate ccounts 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 r deteriorated from the standpoint of its 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 2017 and 2018. (Enter amounts in millions.) = Accounts payable turnover 2018 2017 = Next, determine the formula for the days' payable outstanding (DPO). Then complete the formula and calculate the days' payable outstanding at the end of 2017 and 2018. (Enter the mounts in the formula to two decimal places, XXX. Round your answers to the nearest whole day.) |= Days' payable outstanding 2018 2017 Now, determine the formula for the current ratio. Then complete the formula and calculate the current ratios at the end of 2017 and 2018. (Enter amounts in millions. Round your answer to wo decimal places.) 2018 2017 Next, determine the formula for the days' payable outstanding (DPO). Then complete the formula and calculate the days' payable outstanding at the end of 2017 and 2018. (Enter the amounts in the formula to two decimal places, X.XX. Round your answers to the nearest whole day.) Days' payable outstanding 2018 2017 Now, determine the formula for the current ratio. Then complete the formula and calculate the current ratios at the end of 2017 and 2018. (Enter amounts in millions. Round your answer to two decimal places.) Current ratio 2018 2017 Evaluate whether the company improved or deteriorated from the standpoint of ability to cover accounts payable and current liabilities over the year. The company's ability to cover accounts payable and current liabilities over the year Choose from any list or enter any number in the input fields and then continue to the next question i Data Table (In millions) Best Deal Corporation Modern Stores, Inc. 1. Total.assets. . 16,830 S 203,706 2. Total.common.stockholders.equity. .. 3,085 71,820 S 3. Operating income 1,300 S 26,820 Interest expense. . 4. S 89 2,042 5. Leverage ratio 6. Total.debt 7. Deht.ratia 8. Times.interest.earned Print Done Eco Homes, Inc., builds environmentally sensitive structures. The company's 2018 revenues totaled $2,815 million. At December 31, 2018, and 2017, the company had, respectively, $646 million and $580 million in current assets. The December 31, 2018, and 2017, balance sheets and income statements reported the following amounts: EEB (Click the icon to view the amounts.) Read the requirements Requirement 1. Describe each of Eco Homes, Inc.'s liabilities and state how the liability arose. Choose the correct liability from the list that best fits the description provided. Accounts payable The amount of long-term notes and bonds payable that the company expects to pay after the coming year. Accrued employee compensation and benefits A catch-all group of liabilities that do not fit one or more specific categories. This is usually listed among the long-term liabilities. Accrued expenses Amounts owed to suppliers for products or services that have been purchased on account. Current portion of long-term debt Amounts owed to employees for salaries and other payroll-related expenses. Long-term debt Amounts owed for providing benefits to retirees such as health care costs. Other liabilities The next year's payments on the company's long-term debt. Post-retirement benefits Expenses that the company has incurred but not yet paid; these are liabilities for expenses such as interest and income taxes. Requirement 2. What were the company's total assets at December 31, 2018? The total assets at December 31, 2018 were $ million Choose from any list or enter any number in the input fields and then continue to the next question. Read the requirements 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 $206 million. Calculate ccounts 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 r deteriorated from the standpoint of its 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 2017 and 2018. (Enter amounts in millions.) = Accounts payable turnover 2018 2017 = Next, determine the formula for the days' payable outstanding (DPO). Then complete the formula and calculate the days' payable outstanding at the end of 2017 and 2018. (Enter the mounts in the formula to two decimal places, XXX. Round your answers to the nearest whole day.) |= Days' payable outstanding 2018 2017 Now, determine the formula for the current ratio. Then complete the formula and calculate the current ratios at the end of 2017 and 2018. (Enter amounts in millions. Round your answer to wo decimal places.) 2018 2017 Next, determine the formula for the days' payable outstanding (DPO). Then complete the formula and calculate the days' payable outstanding at the end of 2017 and 2018. (Enter the amounts in the formula to two decimal places, X.XX. Round your answers to the nearest whole day.) Days' payable outstanding 2018 2017 Now, determine the formula for the current ratio. Then complete the formula and calculate the current ratios at the end of 2017 and 2018. (Enter amounts in millions. Round your answer to two decimal places.) Current ratio 2018 2017 Evaluate whether the company improved or deteriorated from the standpoint of ability to cover accounts payable and current liabilities over the year. The company's ability to cover accounts payable and current liabilities over the year Choose from any list or enter any number in the input fields and then continue to the next