Question: How to find the average account payable from the table and the total assets only thanks Eco Homes, Inc., builds environmentally sensitive structures. The company's

How to find the average account payable from the table and the total assets only thanks How to find the average account payable from the table and the

Eco Homes, Inc., builds environmentally sensitive structures. The company's 2021 revenues totaled $2,750 million. At December 31, 2021, and 2020, the company had, respectively, $657 million and $587 million in current assets. The December 31, 2021, and 2020, balance sheets and income statements reported the following amounts: (Click the icon to view the amounts.) Read the requirements. - Data table --- Requirement 2. What were the company's total assets at December 31, 2021? 2021 2020 The total assets at December 31, 2021 were $ 3,817 million . At year-end (In millions) Liabilities and stockholders' equity Current liabilities Accounts payable $ 110 $ 190 Accrued expenses 160 174 Requirement 3. Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payabil outstanding (DPO) for 2020 and 2021. Calculate current ratios for 2020 and 2021 as well. Evaluate whether the company improved Determine the formula for the accounts payable turnover. Then complete the formula and calculate the accounts payable turnover ra Purchases from suppliers (or COGS) Average accounts payable = Accounts payable turnover 2021 $ 1,350 $ 150 9 2020 $ 1,351 $ 193 7 Accrued employee compensation and benefits 46 28 9 9 Current portion of long-term debt Total current liabilities 325 401 1,416 1,309 Long-term debt Post-retirement benefits payable Other liabilities 85 127 + Next, determine the formula for the days' payable outstanding (DPO). Then complete the formula and calculate the days' payable ou your answers to the nearest whole day.) 365 Accounts payable turnover = Days' payable outstanding 2021 365 9 9 2020 365 7 52 40 1,951 10 1,787 41 Total stockholders' equity ' $ $ 3,817 $ 3,634 Now, determine the formula for the current ratio. Then complete the formula and calculate the current ratios at the end of 2020 and 2 Total liabilities and stockholders' equity Year-end (in millions) Cost of goods sold $ $ 1,350 $ 1,351 Total current assets Total current liabilities Current ratio 2021 $ 657 325 2.02 2020 658 401 1.64 Print Done

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