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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,

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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, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 51,179 27,780 4,382 134,520 52,639 0 0 73,035 0 2019 $ 9,341 21,780 3,210 143,289 61,639 175, 478 43, 788 36,223 119,266 3. Compute the 2019 year-end debt ratio. Debt Ratio Choose Denominator: Choose Numerator: Il Debt Ratio = Debt ratio 1 1 11

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