XE8-10A similar to) Question Help Assignments Do Homework Mountainside Manors, Inc., builds environmentally sensitive structures. The company's 2018 revenues totaled $2,815 million. Af December 31, 2018, and 2017, the company had, respectively, $653 million and $598 million in current assets. The December 31, 2018, and 2017 balance shoots and income statements reported the following amounts: Click the icon to view the amounts.) Take a Quiz/Test Read the requirements (Enter amounts in millions) Purchases from suppliers (or COGS) Average accounts payable Accounts payable turnover 2018 2.465 2017 3,152 Next, determine the formula for the days payable outstanding (DPO). Then complete the formula and calculate the days payable outstanding at the end of 2011 2016. Enter the amounts in the formula to two decimal places, XXX Round your answers to the nearest wol day Daye payable outstanding Choose from any drop-down list and then click Check Answer Check Answer Close All 6 To see what to study next go to your Study Plan 202/ Type here to search no QWERTYUI OP TV u Li Mountall UO 1 , 6 company had, respectively, $6! following amounts: (Click the icon to view the 2018 2017 Read the requirements (Enter amounts in millions.) 100 $ Purchases from su 2018 $ At year-end (In millions) Liabilities and stockholders' equity Current liabilities Accounts payable Accrued expenses Accrued employee compensation and benefits Current portion of long-term debt Total current liabilities Long-term debt Post-retirement benefits payable Other site 2017 ing at the end of 201 Next, determine the formula fo 2018. (Enter the amounts in the 1,394 1,319 122 124 Choose from any drop-down Print Done Check Answer parts O remaining To see what to study next, go to your Study Plan. OBI 3 e 1999 Type here to search 7 8 9 0 company had, respectively, $6 following amounts: (Click the icon to view the Accrued employee compensation and benefits Read the requirements (Enter amounts in millions.) Purchases from su 2018 $ 2017 $ Current portion of long-term debt Total current liabilities Long-term debt Post-retirement benefits payable 124 Other liabilities 1,615 1,476 Total stockholders' equity ng at the $ 3,458 S 3,343 Next, determine the formula for 2018. (Enter the amounts in the Total liabilities and stockholders' equity Year-end (in millions) Cost of goods sold $ 2,465 $ 3,152 Choose from any drop-down Print Done Check Ans parts o remaining To see what to study next, go to your Study Plan. Type here to search 17 18 espectively, $653 millie its: con to view the amoun i Requirements rements. sin millions.) urchases from suppliers 2,465 3,152 1. Describe each of Mountainside Manors, Inc.'s liabilities and state how the liability arose. 2. What were the company's total assets at December 31, 2018? 3. Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payable at the end of 2016 was $204 million. Calculate accounts payable turnover as a ratio and days' payable outstanding (DPO) for 2017 and 2018. Calculate current ratios for 2017 and 2018 as well. Evaluate whether the company improved or deteriorated from the standpoint of its ability to cover accounts payable and current liabilities over the year. utstand mine the formula for the da the amounts in the formy Print Done om any drop-down list and Clear All ning To see what to study next, go to your Study Plan. o bi se @ 999, Assignments Do Homework Mountainside Manors, Inc., builds environmentally sensitive structures. The company's 2018 revenues totaled $2,815 milion At December 31, 2018 and 2017, the company had, respectively, 5653 million and $500 million in current assets. The December 31, 2018, and 2017, balance sheets and income statements reported the following amounts: (Click the icon to view the amounts.) Take a Quiz/Test Read the requirements (Enter amounts in millions.) 1 Average accounts payable Accounts payable furnover 2018 2017 Purchases from suppliers (or COGS) S 2,465 S 3,152 Next, determine the formula for the days' payable outstanding (DPO). Then complete the formula and calculate the days payable outstanding at the end of 2017 and 2015. (Enter the amounts in the formula to two decimal places, XOXOX. Round your answers to the nearest whole day.) Days' payable outstanding Choose from any drop-down list and then click Check Answer O remaining 6 Parts To see what to study next, go to your Study Plan 1/22/2020 Type here to search QW ERTY UTOP FGHJK