! 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 Office equipment Trucks Building Land Accounts payable Note payable Year 1 $ 55,057 29,886 4,714 144,714 56,629 0 0 78,570 0 Year 2 $ 10,731 23, 431 3,453 10 154,148 65, 629 188,776 47, 106 38,969 135, 882 3. Compute the Year 2 year-end debt ratio. Debt Ratio Numerator: Denominator: Debt Ratio 1 1 = Debt ratio 1