= Homework: HW 3 Part 3 Fin Stmt Question list K Question 1 Question 2 Question 3 Question 2, P3-16 (similar to) Part 1 of 4 HW Score: 25%, 2 of 8 points Points: 0 of 2 Save (Analyzing the quality of firm earnings) Kabutell, Inc. had net income of $800,000, cash flow from financing activities of $90,000, depreciation expenses of $40,000, and cash flow from operating activities of $650,000. a. Calculate the quality of earnings ratio. What does this ratio tell you? b. Kabutell, Inc. reported the following in its annual reports for 2011-2013: ($ million) 2011 2012 2013 Cash Flow from Operations $479 $402 Capital Expenditures (CAPEX) $459 $448 $470 $455 (Click on the icon in order to copy its contents into a spreadsheet.) Calculate the average capital acquisitions ratio over the three-year period. How would you interpret these results? a. What is Kabutell's quality of earnings ratio? % (Round to one decimal place.)