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please help asap!! thank you Requirements 1. Describe each liability of Mountainside Manors, Inc., and state how the liability arose. 2. Evaluate whether the company's
please help asap!! thank you
Requirements 1. Describe each liability of Mountainside Manors, Inc., and state how the liability arose. 2. Evaluate whether the company's ability to pay its long-term debts improved, deteriorated, or remained about the same over the year. 3. Evaluate whether the company's ability to pay its short-term debts improved, deteriorated, or remained about the same over the year. The company's liabilities for providing benefits - mainly healthcare - to retirees. Requirement 1. Describe each liability of Mounta Choose the correct liability from the list that best Amounts Expense Accounts payable: Accrued expenses: Current portion of long-term debt: Employee compensation and benefits: Long-term debt: Other liabilities: Post-retirement benefits: e leverage ratios at the end of 202 and 203. (Enter amounts in millic ability to pay its long-term debts over the year. deteriorated, or remained abo calculate the accounts payable tui deteriorated iunts payable turnover improved : remained about the same the days payable outstanding (DPO). Then, complete the formula and calc roblem statement. Round your answers to the nearest whole number.) anyimprovedordeterioratedfromtrstayedthesame. += amours that follow. Vea ite fonerialstatemers. Bead the reavirements. Requirement 1. Descrbe each liability of Mountainside Manons, ine, and state how the lability arose. Choose the correct liability from the list that best fis the description provised. Amounts owed to supplers for products of services that have been purchased on nccocint. Fxpenses thas the company has incurred but not yet paid, these are fabdises for expenses such is interent and income taxns. Amounts owed to employees for salanies and other payrolereiated axpentes. Next year's pricipal payment on the companys long-tirm dott. The anount of kng-term notes and bonds payable due more than one year after the balance aheet date. The company's liabillies for provising benefts - mainty heatheart- to retiress. A catch-alf proup of tiabities that do not fit one of the more specife cavegones. These are long-term debts as shown by the fact that they are not inted among the current liabiries. Requirement 2. Evaluale whether the company's ability to pay is long-term debts inproved, deteriorated, or remained about the same over the year. What were the company's total assets as of Deceimber 31, 203 ? amount that follow. Vow the finandial statemems. Read the reaulrements. Requirement 2. Evaluate whether the company/s ability to pey its long-term debts improved, deteriorated, or remained about the same ovar the year. What were the company's total asets as of December 21,203 ? Evaluate the companys leverage and debt ratio at the end of 202 and 203. Did the company incrove, deterionate, or renain about the same over the yoan? Begin by computing the debt rafion. (Round your answers to two decimal places). For the levenge ratio, fint determine the formula. Then, complete the formula and calculato the leverage ratios at the end of 202 and 2000 . (Enter ainiounts in millions an provided in the problem statement. Round your answers to two decimal pleces.) Did the company improws, deteriorate, or remain about the same over the year? Both the leverage ratio and debt rato in 20x3. The companys ability lo pay ts long-term debts over the yoat Requirsment 3. Evaluate whether the company's abiliry to pay its shortterm debts improved, deteriarated, oc remahed about the sainie over the yea. Requirement 3. Evaluate whether the company's ability to pay its short tarm debts improved, deteriorated, or remained about the sarre over the yeo: Determine the formula for the accounts payable tumever. Then, cemplete the formula and calculate the accounts paybile tumover ratios at the end of 200C, and 203. (Finfar amounts in millients as provided in the problem statement. Round your answers to two decimal places.) inilitions as provided in the problem statement. Round your answers to the nearsm whole nuriter, \begin{tabular}{|c|c|c|c|} \hline & . & = & Currentratio \\ \hline 203 & - & 1. & \\ \hline 202 & - & 1. & \\ \hline \end{tabular} Evaluate whether the company improved or detenorated from the standpoint of ablity to cover accourts paryebie and current liabilities. The companys ablity to pay is shart-term debls over the yoer Step by Step Solution
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