Last year Molex's net cash provided by operating activities was $14.1 million and its net cash used by investing activities was $20.7 million. If net cash provided by financing activities was $9.8 million, what was the net increase (or decrease)in cash during the year? Molex started the year with $2.1 million in cash.
A)$44.6 million
B)$3.2 million
C)$25.0 million
D)$5.3 million

Question

Quizplus · Accepted Answer

The net increase in cash is calculated by adding net cash provided by operating activities ($14.1 million), net cash provided by financing activities ($9.8 million), and then subtracting net cash used by investing activities ($20.7 million). This results in a net increase of $3.2 million ($14.1 million + $9.8 million - $20.7 million = $3.2 million).

Last Year Molex's Net Cash Provided by Operating Activities Was