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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 31,20x3?
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 20X3?
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 20x3. 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
\table[[At Year-End (in millions),203,202
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Question 9
Green Earth Homes, Inc., builds environmentally sensitive structures. The company's 20x3 revenues totalled $2,850 million. On December 31,203, and 20x2, the company had $647 million and $583 million in current assets, respectively. Accounts payable at the end of 20x1 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 3. Evaluate whether the company's ability to pay its short-term debts improved, deteriorated, o
Determine the formula for the accounts payable turnover. Then, complete the formula and calculate the acco as provided in the problem statement. Round your answers to two decimal places.)
\table[[,,,= Accounts payable turno],[203,,],=
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