Solution-What was the cost of goods produced by the company

What was the cost of goods produced by the company

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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What was the cost of goods produced by the company

Reference no: EM13892305

Reference no: EM13892305

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