Required information Problem 2-5A Computing net income from equity analysis, preparing a balance sheet, and computing 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. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 64,300 26,240 3,160 44,000 148,000 0 0 3,500 0 2019 $ 15,640 19, 100 1,960 44,000 157,000 80,000 60,000 33,500 40,000 Problem 2-5A Part 3 Compute the 2019 year-end debt ratio. Choose Numerator: Debt Ratio Choose Denominator: 1 Debt Ratio 1 Debt ratio 1