The capital structures of Companies A & B were the same at the end of year date 31/12/x5. In the 20x6 financial year, the profit after tax for both Companies remained equal, while there were also no changes in the debt balances for A & B. If Company A paid a higher dividend than Company B in 20x6, which of the following statements would be true at the end of year date of 31/12/x6? Select one: a. The gearing ratios of both companies will remain equal b. More information is required to understand the impact of these changes on gearing c. The gearing ratio of A will be higher than that of B d. The gearing ratio of A will be lower than that of B