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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 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 Accounts receivable 23,551 3,471 Year 1 Year 2 $ 55,341 $ 10,833 30,040 Office supplies 4,739. office equipment 145,460 154,943 Trucks 56,920 65,920 Building 0 189,749 Landi 0 Accounts payable 78,975 47,350 39,170 Note payable 0 137,099 3. Compute the Year 2 year-end debt ratio. Numerator: 1 Debt Ratio: Denominator: Debt Ratio = Debt ratio
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