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 euros):

Average total assets	37,120
Average total debt (3.5% interest)	18,000
Net earnings (average tax rate 20%)	690

Required:

a) Compute the financial leverage percentage. (Round the final answer to 2 decimal places.)

b) was it positive or negative?