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Selected information for Blake's Restaurant Supply follows. 2020 ($ millions) 2021 ($ millions) Net sales Cost of goods sold Depreciation Net income 726 780
Selected information for Blake's Restaurant Supply follows. 2020 ($ millions) 2021 ($ millions) Net sales Cost of goods sold Depreciation Net income 726 780 462 508 59 60 130 145 Finished goods inventory 35 21 Accounts receivable 80 95 Accounts payable 39 52 Net fixed assets 443 490 Year-end cash balance 95 141 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? > Answer is complete but not entirely correct. a. Cash collections from sales 765 million b. Cost of goods produced c. Capital expenditures d. Cash flow from operations 494 million 107 million 217 million
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