Monte Hacho Industries is a Buffalo, New York-based manufacturer and distributor of building products for residential, industrial, infrastructure, renewable energy, and conservation markets. In a recent year, it reported the following activities: Acquisitions (investments in other companies) $ (110,248) Increase in inventories (10,501) Depreciation and amortization 26,381 Long-term debt reduction (77,058) Net cash provided by operating activities 46,895 Net income 16,923 Net proceeds from issuance of common stock 36 Net proceeds from sale of property and equipment 1,246 Proceeds from long-term debt 74,049 Proceeds from sale of other equity investments 69,568 Purchases of property, plant, and equipment (11,752) E12-19 Part 2 2. Compute the capital acquisitions ratio. Round your answer to 2 decimal places