Question
! Required information [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities
! Required information [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 for Year 1 and Year 2. December 31 Cash Accounts receivable Office supplies Year 1 $ 50,611 Year 2 $ 9,138 21,538 3,174 141,700 27,472 4,334 Office equipment 133,028 Trucks 52,055 61,055 Building 0 173,531 Land 0 43,303 Accounts payable 72,225 Note payable 0 35,822 116,834 3. Compute the Year 2 year-end debt ratio. Debt Ratio Numerator: 1 Denominator: = Debt Ratio = Debt ratio =
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