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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 of
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, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 51,462 27,934 4,406 135, 266 52,932 0 2019 $ 9,443 21,901 3,227 144,083 61,932 176,450 44,031 36,424 120,481 73,440 @ 3. Compute the 2019 year-end debt ratio. Debt Ratio Choose Numerator: 1 Choose Denominator: Debt Ratio Debt ratio
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