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[The following information applies to the questions displayed The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016

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[The following information applies to the questions displayed The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 December 31 2016 2017 Cash $ 64,300 $ 15,640 Accounts receivable 26,240 19,100 office supplies 3,160 1,960 Office equipment 44,000 44,000 Trucks 148,000 157.000 Building @ 80,000 Land 60,000 Accounts payable 3,500 33,500 Note payable 40,000 3. Compute the 2017 year-end debt ratio for the business. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Debt ratio / 1

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