Final answer:
The true statement is C, where Westlake Corporation managed to generate a positive cash flow from operations but needed to invest in fixed assets to the extent that it required additional funding.
Step-by-step explanation:
The statement that is true with regard to the Westlake Corporation's cash flow situation is the option that best aligns with financial operations. When a corporation generates a positive cash flow from operations, it indicates that the core business activities are producing more cash than is being spent, which is a good sign for operational health. However, a company may choose to reinvest their profits by purchasing fixed assets, such as property, plant, and equipment, to grow their business. This can result in a large use of cash, which may exceed the cash flow from operations if the investments are significant. This could lead to a need for additional financing to support these investing activities. Typically, the sale of fixed assets would be considered a separate component of cash flow under investing activities, and not something that offsets cash flow from operations directly.
Based on this understanding, the most accurate statement is likely C: Westlake Corporation generated a positive cash flow from operations, but an even greater amount was used to invest in fixed assets, resulting in a need to raise funds through financing activities.