Question
Required information [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as
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 Year 1 Year 2 $ 47,584 $ 8,053 Accounts receivable 25,829 Office supplies 4,074 Office equipment 125,071 20,250 2,984 133,224 Trucks 48,942 57,942 Building 0 163,152 Land 0 40,713 Accounts payable 67,905 33,679 Note payable 0 103,865 Compute the Year 2 year-end debt ratio. Numerator: Debt Ratio Denominator: = Debt Ratio Debt ratio
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