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(a) The following table shows average debt-to-equity ratios for companies in selected industries. Provide reasons why utility and auto leasing industries have higher debt-to- equity

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(a) The following table shows average debt-to-equity ratios for companies in selected industries. Provide reasons why utility and auto leasing industries have higher debt-to- equity ratios, and software and pharmaceutical industries have lower debt-to-equity ratios. (4 marks) Software (computer pro gramming and data processing)

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