The Information Below Is for Vail Corporation for the Most

question 9

Multiple Choice

The information below is for Vail Corporation for the most recent fiscal year.
$\begin{array}{lr}\text { Current assets } & \$ 200,000 \\\text { Current liabilities } & 600,000 \\\text { Cash provided by operating activities } & 2,400,000 \\\text { Net income } & 1,200,000 \\\text { Capital expenditures } & 800,000\end{array}$
What is Vail's capital expenditure ratio?

• A)3.0
• B)2.0
• C)0.3
• D)4.0
• E)None of the answer choices is correct.

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Definitions:

Iodine

A chemical element (I) that is a dark-gray or purplish-black solid at room temperature and is used in nutrition, medicine, and photography.

Mordant

A substance used in dyeing and printing that fixes dyes to fabrics by forming an insoluble compound with the dye.

Host Organism

An organism that provides nourishment and shelter to a parasite or another organism residing within it.

Parasite

An organism that lives on or in a host organism and gets its food at the expense of its host.