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Question $13$

Green Earth Homes, Inc., builds environmentally sensitive structures. The company's $203$ revenues totalled $$2,850$ million. On December $31,203,$ and $202,$ the company had $$647$ million and $$583$ million in current assets, respectively. Accounts payable at the end of $201$ was $$190$ million. The December $31,203,$ and $202,$ balance sheets and income statements reported the amount that follow.

View the financial statements.

Read the requirements.

Requirement $2.$ Evaluate whether the company's ability to pay its long$-$term debts improved, deteriorated, or re you in the problem statement.$)$

What were the company's total assets as of December $31,20$x$3?$

Evaluate the company's leverage and debt ratio at the end of $202$ and $203.$ Did the company improve, deteri Begin by computing the debt ratios. $($Round your answers to two decimal places.$)$

What was the debt ratio for $20$X$3?$

What was the debt ratio for $202?$

For the leverage ratio, first determine the formula. Then, complete the formula and calculate the leverage ratios problem statement. Round your answers to two decimal places.$)$

Did the company improve, deteriorate, or remain about the same over the year?

Both the leverage ratio and debt ratio $[,$ in $20$x$3.$ The company's ability to pay its long

Requirement $3.$ Evaluate whether the company's ability to pay its short$-$term debts improved, deteriorated, or $r$

Determine the formula for the accounts payable turnover. Then, complete the formula and calculate the accoun as provided in the problem statement. Round your answers to two decimal places.$)$

Financial statements

$\backslash$table$[[$At Year$-$End $($in millions$),203,202$