The year-end financial statements of Synergy Inc. shows average net operating assets (NOA) of $8,450 million, average net nonoperating obligations (NNO) of $(4,033) million, average total liabilities of $8,653 million, and average equity of $11,984 million. The companys financial leverage (FLEV) is:

Select one:

a. 0.705

b. (0.337)

c. (0.477)

d. 0.722

e. There is not enough information to determine the ratio.