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The fiscal year - end financial statements of Reed Enterprises shows average net operating assets ( NOA ) of $ 4 , 8 0 5
The fiscal yearend financial statements of Reed Enterprises shows average net operating assets NOA of $ million, average net nonoperating obligations NNO of $ million, average total liabilities of $ million, and yearend equity of $ million. The companys financial leverage FLEV is:
Select one:
a
b
There is not enough information to determine the ratio.
c
d
e
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