Problem

Selected information for Blake’s Restaurant Supply follows. a. During 2014 how...

Selected information for Blake’s Restaurant Supply follows.

a. During 2014 how much cash did Blake’s collect from sales?

b. During 2014 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 2014?

d. Assuming that there were no financing cash flows during 2014 and basing your answer solely on the information provided, what was Blake’s cash flow from operations in 2014?

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Solutions For Problems in Chapter 1