Cash Flow from Operating Activities (Indirect Method) The following information was obtained from Galena Company's comparative balance sheets

	End of Year	Beginning of Year
Cash	$19,000	$9,000
Accounts Receivable	44,000	35,000
Inventory	55,000	49,000
Prepaid Rent	6,000	8,000
Long-term investments	21,000	34,000
Plant assets	150,000	106,000
Accumulated depreciation	(42,000)	(32,000)
Accounts Payable	24,000	20,000
Income tax payable	4.000	6,000
Common Stock	121,000	92,000
Retained earnings	106,000	91,000
Capital expenditures	13,200

Assume that Galena Company's income statement showed depreciation expense of $10,000, a gain on sale of investments of $7,000, and a net income of $51,000, (a) Calculate the cash flow from operating activities using the indirect method and (b) compute Galena's operating-cash-flow-to-capital-expenditures ratio.