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:
Compute the financial leverage percentage. Was it positive or negative?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.