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help please Required Information Problem 2-5A (Algo) Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO A2, P1
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Required Information Problem 2-5A (Algo) Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO A2, P1 (The following information applies to the questions displayed below) The accounting records of Nettle Distribution show the following assets and abilities as of December 31 for Year 1 and Year 2 December 31 Cash Accounts receivable office supplies Office equipment Trucks Building Land Accounts payable Note Dayable Year 1 $ 42,948 23,313 3,677 112,887 44,175 Year 2 $ 6,392 18,277 2,694 120, 246 53,175 147,258 36,246 30, 298 84,004 61,290 0 Problem 2-5A (Algo) Part 3 3. Compute the Year 2 year-end debt ratio Debt Ratio Denominator Numerator 1 Debt Ratio Debt ratio Step by Step Solution
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