MILESTONE 5: Reporting and Interpreting Cash Flows from Investing and Financing Activities with Discussion of Management Strategy Gibraltar Industries is a Buffalo, New York-based manufacturer of high-value-added steel products. In a recent year, it reported the following activities: Acquisitions (investments in other companies) $(109,248) Increase in inventories Depreciation and amortization Long-term debt reduction Net cash provided by operating activities Net income Net proceeds from issuance of common stock 34 Net proceeds from sale of property and equipment 1,226 Proceeds from long-term debt Proceeds from sale of other equity investments 69,368 Purchases of property, plant, and equipment (10,101) 26,181 (76,658) 46,695 16,523 73,849 ci (11,552) DELIVERABLES 1. Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. 2. Compute the capital acquisitions ratio. What does the ratio tell you about Gibraltar's ability to finance purchases of property, plant, and equipment with cash provided by operating activities? 3. What purpose do you think Gibraltar's management had in mind for the cash generated by selling other equity investments