In the process of designing the firm's optimal financing mix, particularly for listed public companies,industry norms are often used as a starting point in this assessment.

1. a)Select 2 industries in Australia and comment on the industry norms used for their typical financing mix. Include in your discussion an examination of why such financing mix is most suitable for these industries.
2. b)Comment on the principal factors that contribute to the average capital structure of companies operating in different countries being quite varied. In your discussion, provide some specific commentary on differences between the average capital structure of Australian companies and at least one more country / economy with well-developed financial markets.