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. Average total debt (2% interest) Net earnings (average tax rate 30%) 35,738 20,989 260 Required: 1. Compute the financial leverage percentage. (Round the final answer to 2 decimal places.) Financial leverage percentage

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. Average total debt (2% interest) Net earnings (average tax rate 30%) 35,738 20,989 260 Required: 1. Compute the financial leverage percentage. (Round the final answer to 2 decimal places.) Financial leverage percentage

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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