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Suppose the following data are derived from the 2017 financial statements ofWindsor, Inc.. (All dollars are in millions.) Windsor, Inc. has a December 31 year-end.
Suppose the following data are derived from the 2017 financial statements ofWindsor, Inc.. (All dollars are in millions.) Windsor, Inc. has a December 31 year-end.
Cash balance, January 1, 2017 | $1,440 |
Cash paid for repayment of debt | 113 |
Cash received from issuance of common stock | 130 |
Cash received from issuance of long-term debt | 500 |
Cash received from customers | 9,870 |
Cash paid for property and equipment | 1,420 |
Cash paid for dividends | 20 |
Cash paid for repurchase of common stock | 1,000 |
Cash paid for goods and services | 6,870 |
(a)
After analyzing the data, prepare a statement of cash flows for Windsor, Inc. for the year ended December 31, 2017.(List negative amounts either with a negative sign preceding the number e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in millions, e.g. 45,000,000 would be entered as 45.)
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