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question 16

Multiple Choice

$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Foodtek, Inc.
$\quad$ $\quad$ $\quad$ $\quad$ Selected financial information ($ millions)
$\begin{array}{lrr} &\underline{ 2013} &\underline{ 2014} \\ \text { Net sales } & \$ 296 & \$ 364 \\\text { Cost of goods sold } & 168 & 223 \\\text { Depreciation } & 51 & 65 \\\text { Net income } & 32 & 45 \\\text { Finished goods inventory } & 34 & 29 \\\text { Accounts receivable } & 47 & 87 \\\text { Accounts payable } & 39 & 44 \\\text { Net fixed assets } & 310 & 415 \\\text { Year-end cash balance } & \$ 186 & \$ 123 \\\hline\end{array}$
-Please refer to the financial information for Foodtek,Inc.above.Assuming the company neither sold nor salvaged any assets during the year,what were Foodtek's capital expenditures (in $ millions) during 2014?

• A) 415
• B) 105
• C) 310
• D) 40
• E) 170

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Definitions:

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of disease, illness, injury, and other physical and mental impairments in people.

Social Rank

The position or status of an individual within a social hierarchy or group, often determined by socio-economic factors, power, or prestige.

All-Cause Mortality

The total number of deaths in a population from all causes, rather than from specific diseases, over a given period of time.

Cardiovascular Disease

A general term for conditions affecting the heart and blood vessels, often related to atherosclerosis.