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please answer part b E1-13 Suppose the following data are derived from the 2017 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest
please answer part b
E1-13 Suppose the following data are derived from the 2017 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31 year-end. Cash balance, January 1, 2017 $1,390 Cash paid for repayment of debt 122 Cash received from issuance of common stock 144 Cash received from issuance of long-term debt 500 Cash received from customers 9,823 Cash paid for property and equipment 1,529 Cash paid for dividends 14 Cash paid for repurchase of common stock 1,001 Cash paid for goods and services 6,978 Instructions (a) After analyzing the data, prepare a statement of cash flows for Southwest Airlines for the year ended December 31, 2017. (b) Discuss whether the company's net cash provided by operating activities was suffi- cient to finance its investing activities. If it was not, how did the company finance its investing activities Step by Step Solution
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