The Information Below Is for Vail Corporation for the Most

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.