Green Earth Homes, Inc., builds environmentally sensitive structures. The company's revenues $ million in current assets, respectively. Accounts payable at the end of was $ million. T that follow.
View the financial statements.
Read the requirements.
among the current liabilities.
Requirement Evaluate whether the company's ability to pay its longterm debts improved, deterior 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 impr
Begin by computing the debt ratios. Round your answers to two decimal places.
What was the debt ratio for
What was the debt ratio for
For the leverage ratio, first determine the formula. Then, complete the formula and calculate the lever 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
Requirement Evaluate whether the company's ability to pay its shortterm debts improved, deterio
Financial statements
tableAt YearEnd in millions
