This information is for Williams Corporation for the year ended December 31, 201

Question

This information is for Williams Corporation for the year ended December 31, 2017, Cash received from lenders Cash recelved from customers Cash paid for new equipment Cash dividends paid Cash paid to suppliers Cash balance 1/1/17 $20,000 50,000 28,000 8,000 16,000 12,000 Prepare the 2017 statement of cash fows. Suppose you are one of Williams" creditors. Referring to the statement of cash flows, evaluate Wilialms' ability to repay its Show Work is REQUIRED for this question: Open Show Work VIDEO: APPLIED SKLLS Privacy PsiiSX & 2000-201SJohnwiisyhSonatns" All Rights Reserved. A Dvsson of JohnmeyASenarc Vorslon 4.24, gee 5 6 7 8 9

Explanation / Answer

Williams Corporation

Statement of cash flows

For the year ended December 31, 2017

William corporation's year ending cash balance is $30,000, which can be used in making payments to the creditors.

Kindly give a positive rating if you are satisfied with the siolution. Feel free to ask if you have any doubt.Thanks.

I. Operating activities Cash received from customers 50,000 Cash paid to suppliers -16,000 Net cash flows from operating activities 34,000 II. Investing activities Cash paid for new equipment -28,000 Net cash used in Investing activities -28,000 III. Financing activities Cash received from lenders 20,000 Cash dividend paid -8,000 Net cash flows from Financing activities 12,000 Net increase in cash (I+II+III) 18,000 Add: opening balance of cash 12,000 Closing balance of cash 30,000

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