question 1.

question 2.

Requirement 1. Calculate the company's accounts payable turnover and days payable outstanding (DPO) for 2019 and 2020. Accounts payable turnover for 2020 is Accounts payable turnover for 2019 is Now, calculate the days payable outstanding (DPO). Select the formula to calculate the company's DPO, and use it to calculate the DPO for the two years. Days payable outstanding for 2020 is days. (Round your answer to the nearest whole day.) Days payable outstanding for 2019 is days. (Round your answer to the nearest whole day.) Requirement 2. On the basis of this computation alone, has the company's liquidity position improved or deteriorated during 2020 ? The company's liquidity position has during 2020. Financial information Accounts payable turnover for 2020 is Accounts payable turnover for 2019 is Now, calculate the days payable outstanding Days payable outstanding for 2020 is days. Days payable outstanding for 2019 is days. Requirement 2 . On the basis of this computati The company's liquidity position has The company's liquidity position has 2020 1. Record the sales, warranty expense, and warranty payments for Ridge Runner. Ignore any reimbursement that Ridge Runner may receive from GM Canada. 1. Record the sales, warranty expense, and warranty payments for Ridge Runner. Ignore any reimbursement that Ridge Runner may receive from GM Canada. First, let's record the sale of automobiles. (Record debits first, then credits. Explanations are not required.) Now, let's accrue the warranty expense. Next, we will record the payment of warranty expenses. 2. Post to the Estimated Warranty Payable T-account. The beginning balance was $37,000. At the end of 2020 , how much in estimated warranty payable does Ridge Runner owe its customers? Select the appropriate descriptions, enter the beginning balance, post the entries, and calculate the ending balance of the Estimated Warranty Payable account. (Leave any unused cells blank.) Journal Entry ty Payable T-account. The beginning balance was $ s, enter the beginning balance, post the entries, a