Sportsnet Corporation reported the following data for the three most recent years:

Required:
1. Assuming that all investing activities involved acquisition of new plant and equipment, compute the capital acquisitions ratio for the three-year period in total.
2. During the three-year period, what portion of Sportsnet's investing activities was financed from cash flows from operating activities? What portion was financed from external sources or preexisting cash balances during the three-year period?
3. What are two plausible explanations for the dramatic increase in cash flow from financing activities during the period?

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Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities 2010 $ 801 (1,504) 42,960 (in thousands) 2009 2008 $1,480 (1,415) $619 (662) 775 360