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 Office equipment Trucks Building Land Accounts payable Note payable Year 1 $ 56,665 30,759 4,852 148,941 58, 283 Year 2 $ 11,307 24,115 3,554 158,651 67,283 194,290 48,482 40,107 142,772 80,865 0 3. Compute the Year 2 year-end debt ratio. Debt Ratio Numerator: 1 Denominator: Debt Ratio III / = Debt ratio 1