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[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,
[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, 2014 and 2015 2014 2015 $53,922 $ 10,324 29,270 22,947 4,617 3,382 41,731 150,970 55,460 64,460 0 184,884 0 46,137 76,950 38,165 0 131,021 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable NETTLE DISTRIBUTION Balance Sheet December 31, 2014 Assets Liabilities $53,922 Accounts payable Cash Accounts receivable Office supplies Office equipment Trucks Total assets $76,950 29,270 4,617 141,731 55,460 Total equity Equity 208,050 $285,000 $ 285,000 Total liabilities and equity NETTLE DISTRIBUTION Balance Sheet December 31, 2015 Assets Liabilities Cash Accounts receivable Office supplies Office equipment 10,324 Accounts payable 22,947 Note payable 38,165 131,021 3,382 150,970 169,186 rucks uilding and 64,460 Total liabilities 184,884 46,137 Total equity Equity 313,918 $483,104 Total assets $ 483,104 Total liabilities and equity Compute the 2015 year-end debt ratio for the business. Debt Ratio Choose Numerator:I Choose Denominator: Debt Ratio Debt ratio
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