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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 $ 43,232 $ 6,493 Accounts receivable 23,467 18,398 Office supplies 3,702 2,711 Office equipment 113,633 121,841 Trucks 44,466 53,466 Building @ 148,231 Land 36,990 Accounts payable 61,695 30,599 Note payable @ 85,221 e 3. Compute the 2019 year-end debt ratio. 1 Debt Ratio Choose Numerator Total liabilities Debt Ratio Choose Denominator: Total assets $ 239,099 = = Debt ratio 1
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