A recent annual report for Boston Beer Company contained the following data for the three most recent years (in millions of U.S. dollars):
| |
2012
|
2011
|
2010
|
|
Cash flow from operating activities
|
$
|
95.3
|
|
$
|
72.8
|
|
$
|
67.8
|
|
|
Cash flow from investing activities
|
|
(67.3
|
)
|
|
(19.6
|
)
|
|
(13.6
|
)
|
|
Cash flow from financing activities
|
|
(3.0
|
)
|
|
(52.7
|
)
|
|
(60.7
|
)
|
| |
Assume that all investing activities involved acquisition of new property, plant, and equipment.
Required:
Compute the capital expenditures ratio for the three-year period in total.