Choose a publicly traded company $$ perhaps it is one that you work for now or in the past or one that you are familiar with in some way. Look it up in S&P NetAdvantage Capital IQ $($remember$,$ this is on the Library$$s database $$ you can access this via the Portal$).$ Describe the firm and its capital structure $$ you can look at the firm$$s ratios in Capital IQ$.$ Note what the Total Debt $/$ Equity ratio is now and whether it has changed over time $($you should see several years$$ worth of D$/$E here$).$ Note that this time period does include the TCJA timeframe.

Also look up the firm$$s industry and$/$or a competitor of the firm. How does your firm compare to the industry or a peer in terms of capital structure? Does the firm$$s debt$-$to$-$equity ratio make sense given what you have learned about capital structure theory?