1.)The Table below shows Canadian industries that use small and large amounts of debt respectively.Explain why these industries choose the debt policies they do.Except possibly in the case of the mining industry, you should be able to find a rationale that applies to the whole group of 4 industries, and not have to explain each industry separately.

Debt/Equity Ratios for Canadian Industries

2015

2016

2017

2018

2019

Low debt

Repair, maintenance and personal services

0.73

0.722

0.829

0.78

0.72

Professional, scientific and technical services

0.86

0.547

0.56

0.674

0.653

Educational and healthcareservices (private, non-gov't)

0.81

0.77

0.681

0.693

0.656

Mining

0.508

0.564

0.503

0.73

0.673

High Debt

Construction

1.699

1.57

1.593

1.565

1.477

Motor vehicle and parts dealers

2.656

2.516

2.629

2.378

1.683

Real estate

2.134

1.944

1.869

1.994

1.926

Machinery and equipmentrental and leasing

1.904

1.962

1.975

1.864

1.668

2.) Look at the accompanying file with Apple's financial statements from 2010-2012 and explain why Apple used no debt financing during this period