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 Year 1 $ 49,854 27,061 4,269 Year 2 $ 8,866 21,216 3,127 139,581 Office equipment 131,039 Trucks 51,277 60,277 Building 0 170,936 Land 0 42,656 Accounts payable 71,145 35,286 Note payable 0 113,592 3. Compute the Year 2 year-end debt ratio. Debt Ratio Numerator: 1 Denominator: = Debt Ratio = II Debt ratio