million and $$608$ million in current assets. The December $31,2021,$ and $2020,$ balap

to view the amounts.$)$

Read the requirements.

Data table

Requirement $1.$ Describe each of Mountainside Manors, Inc.$\text{'}$s liabilities and statemillion and $$608$ million in current assets. The December $31,2021,$ and $2020,$ balap

to view the amounts.$)$

Read the requirements.

Data table

Requirement $1.$ Describe each of Mountainside Manors, Inc.$\text{'}$s liabilities and state

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

Long$-$term debt

The amount of long$-$term notes ar

Other liabilities

A catch$-$all group of liabilities that

Accounts payable

Accrued employee compensation and benefits

Post$-$retirement benefits

Current portion of long$-$term debt

Accrued expenses

Expenses that the company has

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

The total assets at December $31,2021$ were

million.

Requirement $3.$ Assume that beginning and ending inventories for both periods dic

turnover as a ratio and days' payable outstanding $($DPO$)$ for $2020$ and $2021.$ Calcu

standpoint of its ability to cover accounts payable and current liabilities over the ye

Determine the formula for the accounts payable turnover. Then complete the formu

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

Long$-$term debt

The amount of long$-$term notes ar

Other liabilities

A catch$-$all group of liabilities that

Accounts payable

Accrued employee compensation and benefits

Post$-$retirement benefits

Current portion of long$-$term debt

Accrued expenses

Expenses that the company has

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

The total assets at December $31,2021$ were

million.

Requirement $3.$ Assume that beginning and ending inventories for both periods dic

turnover as a ratio and days' payable outstanding $($DPO$)$ for $2020$ and $2021.$ Calcu

standpoint of its ability to cover accounts payable and current liabilities over the ye

Determine the formula for the accounts payable turnover. Then complete the formu