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Selected information for Blake's Restaurant Supply follows. 2020 ($ 2021 ($ millions) millions) 702 756 453 506 47 56 118 133 37 25 56 83
Selected information for Blake's Restaurant Supply follows. 2020 ($ 2021 ($ millions) millions) 702 756 453 506 47 56 118 133 37 25 56 83 39 46 407 83 Net sales Cost of goods sold Depreciation Net income Finished goods inventory Accounts receivable Accounts payable Net fixed assets Year-end cash balance 484 135 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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