Geodesic Domes, Inc., builds environmentally sensitive structures. The company's $2021$ revenues totaled $$2,750$ million. At December $31,2021,$ and $2020,$ the company had, respectively, $$651$

million and $$586$ million in current assets. The company's balance sheets and income statements reported the following amounts:

$($Click the icon to view the amounts.$)$

Read the requirements.

Requirement $1.$ Describe each of Geodesic's long$-$term liabilities and state how the liability arose.

Choose the correct liability from the list that best fits the description provided.

The amount that the company expects to pay after the coming year; the result from the company borrowing money.

Describe each of Geodesic's long$-$term liabilities and state how the liability

arose.

What were the company's total assets at December $31,2021?$ Evaluate

the company's leverage and debt ratios at the end of $2020$ and $2021.$

Use year$-$end figures in place of averages where needed for calculating the

ratios in this exercise. Did the company improve, deteriorate, or remain about

the same over the year?

Data table