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Green Earth Homes, Inc., builds environmentally sensitive structures. The company's revenues totalled $ million. On December and the company had $ million and $ million in current assets, respectively. Accounts payable at the end of was $ million. The December and balance sheets and income statements reported the amount that follow.
View the financial statements.
Read the requirements.
Requirement Evaluate whether the company's ability to pay its longterm debts improved, deteriorated, or re you in the problem statement.
What were the company's total assets as of December x
Evaluate the company's leverage and debt ratio at the end of and Did the company improve, deteri Begin by computing the debt ratios. Round your answers to two decimal places.
What was the debt ratio for X
What was the debt ratio for
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 x The company's ability to pay its long
Requirement Evaluate whether the company's ability to pay its shortterm debts improved, deteriorated, or
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
tableAt YearEnd in millions
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Green Earth Homes, Inc., builds environmentally sensitive structures. The company's revenues totalled $ million. On December and the company had $ million and $ million in current assets, respectively. Accounts payable at the end of was $ million. The December and balance sheets and income statements reported the amount that follow.
View the financial statements.
Read the requirements.
Requirement Evaluate whether the company's ability to pay its shortterm 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
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