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Based on the results of your analysis above, assess the company's overall leverage position (FY 2017 debt ratio: 96.7 , and debt/equity ratio=29.63, fyi 2016

Based on the results of your analysis above, assess the company's overall leverage position (FY 2017 debt ratio: 96.7 , and debt/equity ratio=29.63, fyi 2016 debt ratio=89.9, debt/equity rati=8.92). Assume the following industry averages for both years: (3 points)

FY 2017 debt ratio = .74 and debt/equity ratio = 2.9

FY 2016 debt ratio = .71 and debt/equity ratio = 2.4

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