Nokia Corporation is a global leader in providing integrated communications and electronic solutions for businesses. Its financial

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Nokia Corporation is a global leader in providing integrated communications and electronic solutions for businesses. Its financial statements reported the following at year-end (in millions of euro): Average total assets 35,738 Average total debt (2% interest) 20,989 Profit (average tax rate 30%) 260 Required: Compute the financial leverage percentage. Was it positive or negative?

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Financial Accounting

ISBN: 9780070001497

4th Canadian Edition

Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby

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