Question

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 ................................. € 35,738
Average total debt (2% interest) .................. 20,989
Net earnings (average tax rate 30%) .............. 260
Required:
Compute the financial leverage percentage. Was it positive or negative?


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  • CreatedAugust 04, 2015
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