Question

Required information [The following information applies to the questions displayed below.] Part 3 of 3 The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. 2.5 points $ December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 43,611 23,672 3,734 114,628 44,855 2019 6,629 18,559 2,735 122,100 53,855 149,529 37,314 30,867 86,843 eBook 62,235 0 Print 3. Compute the 2019 year-end debt ratio. Debt Ratio Choose Denominator: Choose Numerator: 1 = Debt Ratio Debt ratio

Answer 1

H $ $ $ $ Choose Numerator: Total Liabilities $ 117,710 F G Debt Ratio for 2019 I Choose Denominator: / Total Assets $ 390,721 = = = 31-Dec 2 Cash 3 Accounts Receivable 4 Office Supplies 5 Office Equipment 6 Trucks 7 Building 8 Land 9 Total Assets Debt Ratio Debt Ratio 30.13% B 2018 43,611 $ 23,672 $ 3,734 $ 114,628 $ 44,855 $ - $ - $ 230,500 $ C 2019 6,629 18,559 2,735 122,100 53,855 149,529 37,314 390,721 $ $ $ 10 11 31-Dec 12 Accounts payable 13 Note payable 14 Total Liabilities $ $ $ 2018 62,235 $ - $ 62,235 $ 2019 30,867 86,843 117,710

D F Choose Numerator: Total Liabilities 117710 G Debt Ratio for 2019 Choose Denominator: Total Assets 390721 Debt Ratio Debt Ratio =E4/G4 A B 1 44196 2018 2 Cash 43611 3 Accounts Receivable 23672 4 Office Supplies 3734 5 Office Equipment 114628 6 Trucks 44855 7 Building 8 Land lo 9 Total Assets =SUM(B2:B8) C 2019 6629 18559 2735 122100 53855 149529 37314 =SUM(C2:C8) 10 11 44196 12 Accounts payable 13 Note payable 14 Total Liabilities 15 2018 2019 62235 30867 86843 =SUM(B12:B13) =SUM(C12:C13)

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