Selected information for Blake?s Restaurant Supply follows.

a. During 2017, how much cash did Blake?s collect from sales?

b. During 2017, 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 2017?

d. Assuming there were no financing cash flows during 2017 and basing your answer solely on the information provided, what was Blake?s cash flow from operations in 2017?

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($ millions) 2016 2017 Net sales 694 782 502 Cost of goods sold Depreciation 450 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