What was the cost of goods produced by the company

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Reference no: EM13892305

Selected information for Blake's Restaurant Supply follows.

($ in millions)

2010

2011

Net sales

$694

$782

Cost of goods sold

450

502

Depreciation

51

61

Net income

130

142

Finished goods inventory

39

29

Accounts receivable

57

87

Accounts payable

39

44

Net fixed assets

404

482

Year-end  cash balance

$ 86

$135

a. During 2011, how much cash did Blake's collect from sales?

b. During 2011, 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 2011?

d. Assuming that there were no financing cash flows during 2011 and basing your answer solely on the information provided, what was Blake's cash flow from operations in 2011?

Reference no: EM13892305

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