millon in cuirent assots The 0ycertber 31,2021, snd 2020, balanco stheets and income ssatements reported the following amochts [cick the icon to yew Ew inathi.) Actounts pavodic Amounts cowed to sapplenn for products or senices that cyre bepe pachased on account Angunts owed for proving benetits to riberos suchas heath care costs: mukon 1. Describe each of Friendly Planet, Inc's liabilities and state how the liability arose. 2. What were the company's total assets at December 31,2021 ? 3. Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payable at the end of 2019 was $208 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. milion in current assets the December 31, 2021, shd 2020 , baiance sheets and ncome stakmenss repoctod the following amounts (Click the icon fo yow the ainounts) Read the Amiodints ewod to suppliers lor peoducts of services that hwo been purchased on account Anounts owed to employees for salares and cher paytof-ielsted expenses Amounts owed for providing benefis to tetrees such as heaiti care costs The ned year's payments on the companys longstim debt Expenses that the conbary has incurred but oot yot pais, these are lucitbes for expensei such as intorast and incone faxem. Requirement 2. What were the comporv's lotai assets at Decinser 31: 252.1? tho silial askets it oecintior 31, 2021 were to cone accounts payable and curent labiltes over the yeat millon in cuirent assots The 0ycertber 31,2021, snd 2020, balanco stheets and income ssatements reported the following amochts [cick the icon to yew Ew inathi.) Actounts pavodic Amounts cowed to sapplenn for products or senices that cyre bepe pachased on account Angunts owed for proving benetits to riberos suchas heath care costs: mukon 1. Describe each of Friendly Planet, Inc's liabilities and state how the liability arose. 2. What were the company's total assets at December 31,2021 ? 3. Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payable at the end of 2019 was $208 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. milion in current assets the December 31, 2021, shd 2020 , baiance sheets and ncome stakmenss repoctod the following amounts (Click the icon fo yow the ainounts) Read the Amiodints ewod to suppliers lor peoducts of services that hwo been purchased on account Anounts owed to employees for salares and cher paytof-ielsted expenses Amounts owed for providing benefis to tetrees such as heaiti care costs The ned year's payments on the companys longstim debt Expenses that the conbary has incurred but oot yot pais, these are lucitbes for expensei such as intorast and incone faxem. Requirement 2. What were the comporv's lotai assets at Decinser 31: 252.1? tho silial askets it oecintior 31, 2021 were to cone accounts payable and curent labiltes over the yeat
