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Comparing Capital Expenditures

Access the annual reports for McDonalds for the past three years. Next, select a company that is a direct competitor and download the previous three years annual reports.

For each company report the amount of capital spending for the past three years. Quantitatively determine whether the amount of capital spending has been consistent or if it has fluctuated.  Be sure to provide the calculations used to determine your answer. Describe the capital expenditures of each firm and the factors that impacted the companies’ debt capacity and capital structure.

Next, compare the level of capital spending across the two firms. Point out how the spending was similar and/or different and speculate why the similarities or differences might exist. 

Summarize your findings in a three to five page paper excluding title page and reference page(s). Format the paper according to the APA 6th edition style