A financial consultant is interested in the differences in capital structure within different firm sizes in a certain industry.

1.   A financial consultant is interested in the differences in capital structure within different firm sizes in a certain industry. The consultant surveys a group of firms with assets of different amounts and divides the firms into three groups. Each firm is classified according to whether its total debt is greater than stockholders' equity or whether its total debt is less than stockholders' equity. The results of the survey are: