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Net sales Cost of goods sold Depreciation Net income Finished goods inventory Accounts receivable Accounts payable Net fixed assets Year-end cash balance 2020 ($

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Net sales Cost of goods sold Depreciation Net income Finished goods inventory Accounts receivable Accounts payable Net fixed assets Year-end cash balance 2020 ($ 2021 ($ millions) millions) 698 752 435 504 45 70 116 131 35 23 52 81 39 44 404 81 482 135 a. During 2021, how much cash did Blake's collect from sales? b. During 2021, what was the cost of goods produced by the company? c. Assuming the company neither sold nor salvaged any assets during the year, what were the company's capital expenditures during 2021? d. Assuming there were no financing cash flows during 2021 and basing your answer solely on the information provided, what was Blake's cash flow from operations in 2021? a. Cash collections from sales b. Cost of goods produced c. Capital expenditures d. Cash flow from operations million million million million

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