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.$)$

$\backslash$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.$)$

$\backslash$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

$\backslash$table$[[,$Tofat curfort ansots,,Total current liabifties,H$,$Current ratio$],[201,645,1=,261,=,247],[202,$Ses.,,,$=,1\mathrm{.}47]]$

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

$ $1,655$

$(3,1,792$