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A recent annual report for Boston Beer Company contained the following data for the three most recent years (in millions of U.S. dollars): 2012 2011
A recent annual report for Boston Beer Company contained the following data for the three most recent years (in millions of U.S. dollars): |
2012 | 2011 | 2010 | |||||||
Cash flow from operating activities | $ | 95.3 | $ | 72.8 | $ | 67.8 | |||
Cash flow from investing activities | (67.3 | ) | (19.6 | ) | (13.6 | ) | |||
Cash flow from financing activities | (3.0 | ) | (52.7 | ) | (60.7 | ) | |||
|
Assume that all investing activities involved acquisition of new property, plant, and equipment. |
Required: |
1. | Compute the capital expenditures ratio for the three-year period in total. (Round your answer to 2 decimal places.) |
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