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Hi. Can someone please help in answering the parts of this question? Question 3 (3 marks) On Thursday 15 November 2018, Wesfarmers shareholders approved the
Hi. Can someone please help in answering the parts of this question?
Question 3 (3 marks) On Thursday 15 November 2018, Wesfarmers shareholders approved the demerger of Coles Group Limited (Coles) from Wesfarmers and Coles listed on the Australian Stock Exchange a few days later. a) What is the Coles debt to equity ratio in 2019 and 2020? What is the most updated industry average debt to equity ratio? (1 mark) b) Is Coles debt to equity ratio higher than its industry average? If so, what are the benefits and costs of having a high level of debt to equity ratio? (To gain the full marks for this question, you will need discuss two benefits and two costs) (2 marks) 3Step by Step Solution
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