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please complete all requirements!!! Data table one or more services that I and other Data table tone or more Eco Homes, Inc., builds environmentally sensitive
please complete all requirements!!!
Data table one or more services that I and other Data table tone or more Eco Homes, Inc., builds environmentally sensitive structures. The company's 2021 revenues totaled $2,765 million. At December 31, 2021, and 2020 , the company had, respectively, $660 million and $610 million in current assets. The 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 Eco Homes, Inc.'s liabilities and state how the liability arose. Choose the correct liability from the list that best fits the description provided The amount of long-term notes and bonds payable that the company expects to pay after the coming year. A catch-all group of liabilities that do not fit one or more specific categories. This is usually listed among the long-term liabilities. Amounts owed to suppliers for products or services that have Eco Homes, Inc., builds environmentally sensitive structures. The company's 2021 revenues totaled $2,765 million. At December 31, 2021, and 2020, the company had, respectively, $660 million and $610 million in current assets, The December 31, 2021, and 2020, balance sheets and income statements reported the following amounts: (Click the icon to view the amounts.) Read the requirements. Amounts owed to employees for salaries and other payroll-related expenses. Amounts owed for providing benefits to retirees such as health care costs. The next year's payments on the company's long-term debt. Expenses that the company has incurred but not yet paid, these are liabilities for expenses such as interest and income taxes. Eco Homes, Inc., builds environmentally sensitive structures. The company's 2021 revenues totaled $2,765 millio At December 31, 2021, and 2020, the company had, respectively. $660 million and $610 million in current assets. The 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 2. What were the company's total assets at December 31, 2021? The total assets at December 31, 2021 were million. 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. Determine the formula for the accounts payable turnover. Then complete the formula and calculate the accounts payable turnover ratios at the end of 2020 and 2021 . (Enter amounts in millions.) Next, determine the formula for the days payable outstanding (DPO). Then complete the formula and calculate the days' payable outstanding at the end of 2020 and 2021. (Enter the amounts in the formula to two decimal places, XXX. Round your answers to the nearest whole day.) Now, determine the formula for the current ratio. Then complete the formula and calculate the current ratios at the end of 2020 and 2021 . (Enter amounts in millions. Round your answer to two decimal places.) 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 Step by Step Solution
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