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Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3 (The

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Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing the debt ratio LO C2, A1, A2, P3 (The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable office supplies office equipment Trucks 2018 2019 $ 49,760 $ 8,832 27,010 21,176 4,261 3,121 130,790 139,316 51,17960,179 0 170, 612 42,575 71.010 35,219 113,187 Land Necounts payable Note payable Problem 2-5A Part 3 3. Compute the 2019 year-end debt ratio for the business. Debt Ratio Choose Denominator Choose Numerator: Debt Ratio Debt ratio

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