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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 year-end financial statements of Reed Enterprises shows average net operating assets (NOA) of $4,805 million, average net nonoperating obligations (NNO) of $605 million, average total liabilities of $6,343 million, and year-end equity of $5,250 million. The companys 2017 financial leverage (FLEV) is:
Select one:
a.
0.115
b.
There is not enough information to determine the ratio.
c.
0.144
d.
0.126
e.
0.13

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