What is Freeport McMoran, Inc.'s financial leverage ratio for 2019?

	a.	1.58
	b.	1.75
	c.	1.92
	d.	2.17
	e.	2.35

Freeport-McMoran, Inc. Cash and cash equivalents Trade receivables - net Inventories Other current assets Total Current Assets Consolidated Balance Sheets (in millions) Dec 31, Dec 31, Dec 31, 2019 2018 2017 $ 2,020 $ 4,217 $ 4,526 741 829 1,322 4,073 4,503 4,149 1,081 915 629 $ 7,915 $ 10,464 $ 10,626 Property, plant & equipment, net Long-term mill and leach stockpiles Other assets Total Assets 29,584 1,425 1,885 40,809 $ 28,010 $ 1,570 2,172 42,216 $ 22,994 1,409 2,273 37,302 $ $ Accounts payable and accrued liabilities Current portion of environmental obligation Other current liabilities Total Current Liabilities 2,576 $ 436 197 3,209 2,625 $ 449 255 3,329 2,497 420 1,997 4,914 Long-term debt Deferred income taxes Environmental obligations Other Total Long-Term Liabilities 9,821 4,210 3,630 2,491 23,361 11,124 4,032 3,609 2,230 24,324 11,815 3,663 3602 2,012 26,006 Common stock Retained earnings / (deficit) Accumulated oth comprehensive inc (loss) Common stock held in treasury Noncontrolling interests Total Shareholders' Equity 25,988 (12,280) (676) (3,734) 8,150 17,448 26,171 (12,041) (605) (3,727) 8,094 17,892 26,909 (14,722) (487) (3,723) 3,319 11,296 Total liabilities & shareholders' equity $ 40,809 $ 42,216 $ 37,302 Freeport-McMoran, Inc. Consolidated Statements of Earnings (In millions, except per share amounts) Year Ended December 31 2018 2019 2017 $ Revenues Cost of products sold Gross Profit 14,402 $ 13,105 1,297 18,628 $ 13,445 5,183 16,403 11,980 4,423 414 477 Selling, general and admin expenses Net gain on asset sale and other EBIT (208) 1,091 443 (14) 4,754 256 3,690 Interest expense Other (income) expense - net Pretax income (620) (165) 306 (945) 83 3,892 (801) 13 2,902 Income tax expense Net inc. attributable to non-ctrl interest (495) (50) (983) (307) (873) (212) Net Income $ (239) $ 2,602 $ 1,817 Avg number of shares outstdg - basic 1,451 1,449 1,447 Avg number of shares outstdg - diluted 1,451 1,458 1,454 Basic earnings per common share $ (0.16) $ 1.80 $ 1.26 Diluted earnings per common share $ (0.16) $ 1.78 $ 1.25 Freeport-McMoran, Inc. Cash and cash equivalents Trade receivables - net Inventories Other current assets Total Current Assets Consolidated Balance Sheets (in millions) Dec 31, Dec 31, Dec 31, 2019 2018 2017 $ 2,020 $ 4,217 $ 4,526 741 829 1,322 4,073 4,503 4,149 1,081 915 629 $ 7,915 $ 10,464 $ 10,626 Property, plant & equipment, net Long-term mill and leach stockpiles Other assets Total Assets 29,584 1,425 1,885 40,809 $ 28,010 $ 1,570 2,172 42,216 $ 22,994 1,409 2,273 37,302 $ $ Accounts payable and accrued liabilities Current portion of environmental obligation Other current liabilities Total Current Liabilities 2,576 $ 436 197 3,209 2,625 $ 449 255 3,329 2,497 420 1,997 4,914 Long-term debt Deferred income taxes Environmental obligations Other Total Long-Term Liabilities 9,821 4,210 3,630 2,491 23,361 11,124 4,032 3,609 2,230 24,324 11,815 3,663 3602 2,012 26,006 Common stock Retained earnings / (deficit) Accumulated oth comprehensive inc (loss) Common stock held in treasury Noncontrolling interests Total Shareholders' Equity 25,988 (12,280) (676) (3,734) 8,150 17,448 26,171 (12,041) (605) (3,727) 8,094 17,892 26,909 (14,722) (487) (3,723) 3,319 11,296 Total liabilities & shareholders' equity $ 40,809 $ 42,216 $ 37,302 Freeport-McMoran, Inc. Consolidated Statements of Earnings (In millions, except per share amounts) Year Ended December 31 2018 2019 2017 $ Revenues Cost of products sold Gross Profit 14,402 $ 13,105 1,297 18,628 $ 13,445 5,183 16,403 11,980 4,423 414 477 Selling, general and admin expenses Net gain on asset sale and other EBIT (208) 1,091 443 (14) 4,754 256 3,690 Interest expense Other (income) expense - net Pretax income (620) (165) 306 (945) 83 3,892 (801) 13 2,902 Income tax expense Net inc. attributable to non-ctrl interest (495) (50) (983) (307) (873) (212) Net Income $ (239) $ 2,602 $ 1,817 Avg number of shares outstdg - basic 1,451 1,449 1,447 Avg number of shares outstdg - diluted 1,451 1,458 1,454 Basic earnings per common share $ (0.16) $ 1.80 $ 1.26 Diluted earnings per common share $ (0.16) $ 1.78 $ 1.25