The fiscal 2017 financial statements of Reed Enterprises shows average net operating assets (NOA) of $4,795 million, average net nonoperating obligations (NNO) of $605 million, average total liabilities of $6,330 million, and year-end equity of $5,240 million. The company's 2017 financial leverage (FLEV) is: A. 0.144 B. 126 C. 0.115 D. 0.091 E. There is not enough information to determine the ratio.
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