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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 2018 2019 Cash $ 54,584 $ 10,561 Accounts receivable 29,629 23, 229 Office supplies 4,674 3,423 Office equipment 143,471 152, 824 Trucks 56, 142 65, 142 Building 187, 154 Land 46,703 Accounts payable 77,895 38,634 Note payable 133,857 0 0 0 3. Compute the 2019 year-end debt ratio. Debt Ratio Choose Denominator: Choose Numerator: II 1 1 Debt Ratio Debt ratio / =
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