The Fiscal 2016 Financial Statements of Nike Inc

Multiple Choice

The fiscal 2016 financial statements of Nike Inc. shows average net operating assets (NOA) of $8,450 million, average net nonoperating obligations (NNO) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million.
The company's 2016 financial leverage (FLEV) is:

A) (0.477)
B) (0.559)
C) (0.323)
D) (0.447)
E) There is not enough information to determine the ratio.