In 2013, C Co. disclosed cash paid for property, plant and equipment of $1.069 million and cash flow from operations of $3.883 million. Their average property, plant and equipment from the comparative statement of financial position was $3.968 million. Compute C Co.'s capital expenditures ratio for 2013.
A) .28
B) 3.63
C) .98
D) .77
Correct Answer:
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