The table below provides the observed debt ratios for selected industries. Given the importance of potential financial distress costs in financing decisions, how do the firms' basic business risk and asset type seem to influence their debt ratios? Q1 Industry Software (Internet) Electronics (Consumer & Office) Software (Entertainment) Drugs (Pharmaceutical) Healthcare Products Telecom. Equipment Computers/Peripherals Heathcare Information and Technology Retail (Online) Auto Parts Chemical (Diversified) Air Transport Utility (General) Transportation Retail (Grocery and Food) Power Debt Capital 1125% 30.57% 34.94% 36.74% 38.15% 39.47% 4279% 4284% 44.56% 4754% 5028% 55.52% 58.60% 58.87% 59.43% 61.61% Tax rate 3.49% 3.81% 1.04% 254% 6.12% 6.14% 5.68% 6.32% 8.46% 10.40% 6.59% 22.99% 25.62% 17.46% 24.11% 1927% Stock volatility 55.85% 66.94% 48.14% 67.61% 56.59% 49 24% 60.29% 52.46% 48.86% 50.64% 45.48% 38.61% 19.32% 32.72% 35.13% 24.11% Fixed assets/Total assets 13.80% 9.90% 3.46% 11.16% 11.35% 6.97% 8.40% 934% 20.06% 25.95% 29.73% 56.28% 69.65% 46.36% 55.33% 67.82% The table below provides the observed debt ratios for selected industries. Given the importance of potential financial distress costs in financing decisions, how do the firms' basic business risk and asset type seem to influence their debt ratios? Q1 Industry Software (Internet) Electronics (Consumer & Office) Software (Entertainment) Drugs (Pharmaceutical) Healthcare Products Telecom. Equipment Computers/Peripherals Heathcare Information and Technology Retail (Online) Auto Parts Chemical (Diversified) Air Transport Utility (General) Transportation Retail (Grocery and Food) Power Debt Capital 1125% 30.57% 34.94% 36.74% 38.15% 39.47% 4279% 4284% 44.56% 4754% 5028% 55.52% 58.60% 58.87% 59.43% 61.61% Tax rate 3.49% 3.81% 1.04% 254% 6.12% 6.14% 5.68% 6.32% 8.46% 10.40% 6.59% 22.99% 25.62% 17.46% 24.11% 1927% Stock volatility 55.85% 66.94% 48.14% 67.61% 56.59% 49 24% 60.29% 52.46% 48.86% 50.64% 45.48% 38.61% 19.32% 32.72% 35.13% 24.11% Fixed assets/Total assets 13.80% 9.90% 3.46% 11.16% 11.35% 6.97% 8.40% 934% 20.06% 25.95% 29.73% 56.28% 69.65% 46.36% 55.33% 67.82%