1. Among the following three industries, car manufacturer, internet content & information, and discount shops, which one do you think is more likely to use the highest financial leverage and which one the lowest? Why?

2. Data collecting and analysis

Long-term debt/total common equity
	Most Recent Quarter	12/2022 or	12/2021 or	12/2020 or	12/2019 or	12/2018 or
		1/2022	1/2021	1/2020	1/2019	1/2018
F
GM
GOOGL
META
TGT						-
WMT						-

Collect the company most recent quarter long-term debt/equity ratio from Zack.com for the 6 companies: Ford Motor Co (F), General Motors Co (GM), Alphabet Inc. (GOOGL), Facebook/Meta Platforms, Inc. (META), Target Corp (TGT), and Walmart Inc. (WMT).

Calculate the annual long-term debt/total common equity ratios using Zacks.com from year 2018 to 2022. For Target and Walmart, the fiscal year ends on the last day of January each year.

Do you see any trend in the long-term debt/equity ratio for each of the companies during the past 5 years?