Boston Beer A recent annual report for Boston Beer Company contained the following data for the three most recent years (in millions of U.S. dollars):

Assume that all investing activities involved acquisition of new plant and equipment.
Required:
1. Compute the capital acquisitions ratio for the three-year period in total.
2. What portion of Boston Beer's investing activities was financed from external sources or preexisting cash balances during the three-year period?

3. What do you think is the likely explanation for the large amount of cash flow from financing activities during \(2008 ?\)

Transcribed Image Text:

2008 2007 2006 Cash flow from operating activities Cash flow from investing activities $39.8 $53.8 $28.8 (104.5) (37.1) (9.0) Cash flow from financing activities 59.3. (0.5) 1.7