A recent annual report for Pete's Brewing Company contained the following data for the three most recent
Question:
A recent annual report for Pete's Brewing Company contained the following data for the three most recent years:
Required: 1. Compute the capital acquisitions ratio for the three-year period in total. 2. What portion of Pete's investing activities was financed from external sources or preexisting cash balances during the three-year period? 3. What do you think is the likely explanation for the dramatic increase in cash flow from financing activities during the most recent year?
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