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?