Given the financial statements of the Lehman Brothers Inc in 2007, calculate the

Question

Given the financial statements of the Lehman Brothers Inc in 2007, calculate the Leverage Ratio.

Lehman Brothers BALANCE SHEET Lehman Brothers INCONE STATEMENT Current Year Revenue Cost of Good Sol Net Revenue Overhead Profit before Tax Income Tax Net Income 12,124 8,197 3,927 2981 946 206 ASSETS Current Assets Fixed Assets and Other Assets 195,486 733 196,219 Total ssets UABIUTIES Current Liabilities Longterm Liabilities 189 556 3,511 193,067 Total Liabilities OWNER'S EQUITY Contributed Capital Retained Earnings 1,738 1,414 3, 152 196,219 Total Equity Total Liabilities and Equity

Explanation / Answer

Leverage Ratio = Total Debts/ Total Assets 193067/196219 0.983936 Leverage Ratio = 0.98

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