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Compute the financial leverage percentage

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Computing Financial Leverage

Texas Instruments is a global leader in the semiconductor business, providing products to the world's most innovative electronics companies. Its financial statements reported the following at year-end (in millions):

Total assets $13,930

Total debt (average 8% interest) 2,570

Net income (average tax rate 30%) 4,341

Required:

Question 1: Compute the financial leverage percentage. Was it positive or negative?

Reference no: EM132508632

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