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Required Information (The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and December 31 2018
Required Information (The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and December 31 2018 2019 Cash $ 44,651 $ 7,002 Accounts receivable 24,237 19,002 Office supplies 3,823 2,800 Office equipment 117,363 125,014 Trucks 45,926 54,926 Building 153,097 Land 38,203 Accounts payable 63,720 31,603 Note payable 91,300 3. Compute the 2019 year-end debt ratio. Debt Ratio Choose Numerator: Choose Denominator: Total liabilities 1 Total assets $ 277,141 / Debt Ratio Debt ratio 11 11 0
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