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Please solve requirement 3 . Verw the financialstatements. Read the requirements. 2 0 2 Wid ifie company improve, deterierate, of remain about the same over

Please solve requirement 3. Verw the financialstatements.
Read the requirements.
202
Wid ifie company improve, deterierate, of remain about the same over the year?
Beth the leverage ratio and debt ratio
in 203 The compary's ability to pay its long-term debts
over the year.
Requirement 3. Evaluate whether the company's ability to pay its short torm debts improved, detertorated, or remained about the same over the year in the problem statement. Round your answers to two decimal places.)
\table[[,Cost of goods sold,,Average accounte payable,a,Accounts payable turnover],[203,1655,-,,",1103],[202,1792,+,,is,[]]
Next, dotemine the formuta for the days payable outstanding (DPO) Then, complete the formula and calculate the da provided in the problem statement. Round your answers to the nearest whole number.)
\table[[,365,+,Accounts payable turnover,,Day= payable outstanding],[203,765,.,1103,=,3309],[202,365,-,,a:,]]
Now, defermine the formula for the carrent ratio Then. complete the formula and calculate the current ratios af the an
\table[[,Tofat curfort ansots,,Total current liabifties,H,Current ratio],[201,645,1=,261,=,247],[202,Ses.,,,=,1.47]]
Evaluate whether the company improved of deteriorated from the standpoint of ablity to cover accocinis payable and
The company's akinity to pay uts thert tem debte over the year
Financial statements
At Year. End (in millions)
Liabilites and shareholdern' equity
Current liabilities
Accounts payable
Accrued expunses
Employee compensation and benelits
Current portion of lang-term debt
Total current liabilitias
Long-term deb
Post retiremert benefis payable.
Other liabllities.
Sharehoider' equity
Total liabilities and sharehoiders' equity
Year -3 ind (in millions)
Cost of poods sold
$ 1,655
(3,1,792
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