Required information [The following information applies to the questions displayed below.] 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) 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 Net proceeds from sale of property and equipment Proceeds from long-term debt Proceeds from sale of other equity investments Purchases of property, plant, and equipment $ (118,748) (13,901) 28,081 (80,458) 48,595 20,323 53 1,416 75,749 71,268 (13,452) 2. Compute the capital acquisitions ratio. (Round your answer to 2 decimal places.) Capital acquisitions ratio