If all of The companys leases were accounted for as finance leases, then:

-The companys financial leverage (i.e., FLEV) at the end of the most recent fiscal year would be higher than the amount that we would obtain if we used the reported amounts shown on the companys income statement and balance sheet.

-The companys financial leverage (i.e., FLEV) at the end of the most recent fiscal year would be lower than the amount that we would obtain if we used the reported amounts shown on the companys income statement and balance sheet.

-The companys financial leverage (i.e., FLEV) at the end of the most recent fiscal year would be the same as the amount that we would obtain if we used the reported amounts shown on the companys income statement and balance sheet.

-This question cannot be answered with the information given to me.