As a publicly traded entity, your assigned company is required to submit half-yearly and annual reports to the Australian Securities Exchange (ASX) detailing the financial operations of the company over the past half-year or year, respectively. These reports are available on the ASX website (www.asx.com.au) or in the investor section of the company's own website. These are also available at websites such as Yahoo Finance (https://au.finance.yahoo.com/) and Morningstar (https://www.morningstar.com/stocks).

Using information from the company's financial statements, you should document and discuss the financing and leverage history of the company and characterise the company's historical (and current) leverage policy using:

A) Recent (last five years) financing activities of the firm (debt issues, equity issues and share

buybacks). (3 marks) oUseatabletoreporttheinformationrequiredandbrieflydiscusstheinformation/trends.

B) Current and recent (last five years) history of the levels of debt and equity, leverage ratio (debt to equity ratio) and interest coverage ratio. (4 marks)

oUseatabletoreporttheinformationrequiredandbrieflydiscusstheinformation/trends.

C) Based on the information in the two points above, is the financing behaviour of the company

consistent with the Pecking Order Theory? Briefly discuss. (3 marks)

D) Based on the information in the two points above, does the company have a target leverage ratio, and if so, what is it? What is the company's leverage policy according to the annual reports? Briefly discuss with supporting evidence. (5 marks)

An detailed analysis for Cochlear Limited including relevant references