Answer the following question with work shown.

2. 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 0.126 0.115 0.091 E) There is not enough information to determine the ratio