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the debt ratio LO C2, A1, A2, P3 [The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the

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the debt ratio LO C2, A1, A2, P3 [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. 2018 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2019 $ 44,746 $7,036 24,289 19,042 3,831 2,806 117,611 125,278 46,023 55,023 153,421 @ 38,285 63,855 31,670 91,706 Problem 2-5A Part 2 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 2019, the owner invested $36,000 additional cash in the business and withdrew $31,200 cash for personal use. Equity, December 31, 2018 $ 0 Equity, December 31, 2019

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