Please complete ASAP. Please answer questions on a Word Document. Thank you.

11. Selected information for Blake's Restaurant Supply follows. _________________________________________________________________________ _______($ millions)_______________ ______________________________________2013_______________________2014______ Net sales 694 782 Cost of goods 450 502 Depreciation 51 61 Net income 130 142 Finished good inventory 39 29 Accounts receivable 57 87 Accounts payable 39 44 Net fixed assets 404 482 Year-end cash balance 86 135 a. During 2014 how much cash did Blake's collect from sales? b. During 2014 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 2014? d. Assuming that there were no financing cash flows during 2014 and basing your answer solely on the information provided, what was Blake's cash flow from operations in 2014? 12. Below are summary cash flow statements for three roughly equal sized companies. _________________________________________________________________________ _______($ millions)___________________ ______________________________________A______________B________ C______ Net cash flows from operating activities (300) (300) 300 Net cash used in investing activities (900) (30) (90) Net cash from financing activities 1,200 210 240 Cash balance at the beginning of the year 150 150 150 a. b. c. d. Calculate each company's cash balance at the end of the year. Explain what might cause company C's net cash from financing activities to be negative. Looking at companies A and B, which company would you prefer to own? Why? Is company C's cash flow statement cause for any concern on the part of C's management or shareholders? Why or why not