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The fiscal 2017 financial statements of Reed Enterprises shows average net operating assets (NOA) of $4,795 million, average net nonoperating obligations (NNO) of $605 million, average total liabilities
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The fiscal 2017 financial statements of Reed Enterprises shows average net operating assets (NOA) of $4,795 million, average net nonoperating obligations (NNO) of $605 million, average total liabilities of $6,330 million, and year-end equity of $5,240 million. ) to ber ugh eria e company's 2017 financial leverage (FLEV) is A) 0.144 B. 0.126C. 0.115 D. 0.091 E) There is not enough information to determine the ratio.

User Shreyash Mahajan
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Answer:

A) 0.144

The answer and procedures of the exercise are attached in a microsoft excel document.

Step-by-step explanation:

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

The fiscal 2017 financial statements of Reed Enterprises shows average net operating-example-1
User Sarower Jahan
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