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Assuming Frazier Inc. neither sold nor salvaged any assets during the year, what were Fraisers capital expenditures (in $ millions) during 2017 based on the

Assuming Frazier Inc. neither sold nor salvaged any assets during the year, what were Fraisers capital expenditures (in $ millions) during 2017 based on the financial information provided below? image text in transcribed
Fraiser, Inc. Selected financial information ( millions) Net Sales Cost of goods sold Depreciation Net Income Finished goods in inventory Accounts receivable Accounts payable Net fixed assets Year-end cash balance 2016 2017 $350 $480 250 80 60 40 100 50 450 $175 $150 200 70 40 50 45 330 (Points : 3.5) O $200 O $130 O $95 $450 O $120

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