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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, 2016 and 2017 December 31 Cash Accounts receivable office supplies office equipment 2016 $53,449 29,013 4,577 2017 $ 10,155 22,746 3,352 149,646 63,974 183,262 45,731 37,830 128,993 140,487 54,974 0 Trucks Building Land Accounts payable Note payable 0 76,275 3. Compute the 2017 year-end debt ratio for the business. Debt Ratio Choose Denominator: Debt Ratio Choose Numerator: Debt ratio
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