Required information The following information applies to the questions displayed below) The accounting records of Nettie Distribution show the following assets and abilities as of December 31, 2016 and 2017 2017 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2016 $ 64,300 $ 15,640 26,240 19,100 3,160 1,968 44,000 44,000 140,000 157.000 80,000 60,000 3,500 33,500 3 48,000 3. Compute the 2017 year-end debt ratio for the business. Debt Ratio Debt Ratio Choose Denominator: Choose Numerator: 1 Debt ratio Total liabilities Total assets A 14