BUS 650 Week 5 Comparing Capital Expenditures ÿ Comparing Capital Expenditures. Access the annual reports for your selected company for the past three years. Next, select a company that is a direct competitor and download the previous three years annual reports. Research Tip: The _Mergent_ database in the Ashford Library contains company profiles and financial information for publicly traded companies and their competitors. To access this database enter the Ashford Library and select _Find Articles and More_ in the top menu panel. Next, select _Databases A-Z_ and go to section _M_ for _Mergent_. For help with using Mergent use Mergent Online Quick Tips. Tip: For help with reading an annual report access this handy guide from Money Chimp (http://www.moneychimp.com/articles/financials/fundamentals.htm) ÿ Using the annual reports of both companies complete the following: ÿ 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. Support your analysis with evidence from the text, external sources, and articles/reports from the Mergent database in the Ashford Library. 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 guide as outlined in the Ashford Writing Center. Be sure to properly cite your resources using APA style.