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The following information applies to the questions displayed below.] Foodtek, Inc. Selected financial information ($ millions) 2016 2017 Net sales $ 296 $ 364 Cost
The following information applies to the questions displayed below.]
Foodtek, Inc. Selected financial information ($ millions) | |||||||||||||||
2016 | 2017 | ||||||||||||||
Net sales | $ | 296 | $ | 364 | |||||||||||
Cost of goods sold | 168 | 223 | |||||||||||||
Depreciation | 51 | 65 | |||||||||||||
Net income | 32 | 45 | |||||||||||||
Finished goods inventory | 34 | 29 | |||||||||||||
Accounts receivable | 47 | 87 | |||||||||||||
Accounts payable | 39 | 44 | |||||||||||||
Net fixed assets | 310 | 415 | |||||||||||||
Year-end cash balance | $ | 186 | $ | 123 | |||||||||||
Please refer to the financial information for Foodtek, Inc. above. Assuming the company neither sold nor salvaged any assets during the year, what were Foodteks capital expenditures (in millions of dollars) during 2017?
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