whats the capital expenditures ratio for question 2 using the information provided

P5-2 Preparing the Statement of Cash Flows (Indirect Method) LO5-1,5-2,5-3,5-5,5-7 Selected financial information for Frank Corporation is presented below. Selected 2017 transactions are as follows: a. Purchased investment securities for $6,300 cash. b. Borrowed $17,600 on a two-year, 8 percent interest-bearing note. c. During 2017, sold machinery for its carrying amount; received $12,950 in cash. d. Purchased machinery for $52,600; paid $10,300 in cash and signed a four-year note payable to the dealer for $42,300 e. Declared and paid a cash dividend of $11,300 on December 31, 2017 Selected account balances at December 31, 2016 and 2017 are as follows: December 31 Cash Accounts receivable Inventory Accounts payable Accrued wages payable Income taxes payable 2017 2016 $ 85,100 $ 22,300 18,300 12,650 53,300 62,600 8,300 12,600 1,450 2,300 6,300 3,650 One-fourth of the sales and one-third of the purchases were made on credit. FRANK CORPORATION Statement of Earnings For the Year Ended December 31, 2017 Sales revenue $ 426,000 Cost of sales 281,000 145,000 Gross profit Expenses Salaries and wages Depreciation Rent (no accruals) Interest (no accruals) Income tax $ 52,300 10,500 7,100 13,500 13,100 96,500 Total expenses Net earnings $ 48,500 2. Compute the quality of earnings ratio and the capital expenditures ratio. (Enter your answers in numbers and not in percentages. Round the final answers to 2 decimal places.) Quality of earnings ratio Capital expenditures ratio 1.24 0.00