During 2019,Eva's Enterprises cash paid for property,plant and equipment was $755 million and cash flow from operating activities was $5,968 million.The average property,plant,and equipment from the comparative balance sheets were $6,094 million.Eva's capital acquisitions ratio for 2019 is closest to:

Question

Quizplus · Accepted Answer

The capital acquisitions ratio is calculated as cash flow from operating activities divided by cash paid for property, plant, and equipment. Thus, $5,968 million / $755 million = 7.9.

During 2019,Eva's Enterprises Cash Paid for Property,plant and Equipment Was