(a)(i)Using ONE FTSE100 Company which is NOT a financial institution, identify all sources of short, medium and long-term debt financing used by the company and comment on the maturity profile of debt and the medium and long-term debt instruments used by the company.
(ii)Using relevant ratios of your chosen company in part(a) (i) for the past 5 years, identify the company’s gearing policy.Is the gearing policy appropriate for the company? Give your reasons.
(Detailed ratio calculation should be included in the appendix).
(b)Analyse the pecking order and the trade-off theories of capital structure and assess the extent to which these theories are supported by empirical evidence.
Credit:ivythesis.typepad.com
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