For a company of your choice, undertake an analysis of gearing similar to that conducted in the

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For a company of your choice, undertake an analysis of gearing similar to that conducted in the text for BAA. Pay particular attention to the treatment of provisions and other components of long-term liabilities. If you decide to include short-term indebtedness in your capital gearing measure, would you include trade and other creditors as well?

Try to form a view as to whether your company is operating with high or low gearing.

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