The following information was obtained from Galena Companys comparative balance sheets:

	End of Year	Beginning of Year
Cash	$47,500	$23,400
Accounts receivable	110,000	91,000
Inventory	137,500	127,400
Prepaid rent	15,000	20,800
Long-term investments	52,500	88,400
Plant assets	375,000	275,600
Accumulated depreciation	(100,000)	(83,200)
Accounts payable	60,000	52,000
Income tax payable	10,000	15,600
Common stock	302,500	239,200
Retained earnings	265,000	236,600
Capital expenditures	99,400

Assume that Galena Companys income statement showed depreciation expense of $16,800, a gain on sale of investments of $22,500, and a net income of $112,500. (a) Calculate the cash flow from operating activities using the indirect method. $Answer (b) Compute Galenas operating-cash-flow-to-capital-expenditures ratio. (Round to two decimals.)