Asked by Chae-Lynn Normore on May 16, 2024
Verified
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
Net Cash
The amount of cash available after accounting for cash inflows and outflows.
Financing Activities
Actions that result in changes in the size and composition of the equity capital or borrowings of the entity, as reflected in the company's cash flow statement.
Operating Activities
Day-to-day actions that are involved in running a business, such as selling products, managing expenses, and paying employees.
- Understand the ramifications of shifts in operating, investing, and financing activities on cash flow.
Verified Answer
Learning Objectives
- Understand the ramifications of shifts in operating, investing, and financing activities on cash flow.
Related questions
A Decrease in Accounts Receivables Is Categorized as a Use ...
Baker Corporation Conducted the Following Activities During 2001: (1)they Sold ...
Last Year, Monroe Products Had $25,000 Net Cash Provided by ...
Stepping Out Has Inventory Purchases of $2,200 During the Month ...
On the Statement of Cash Flows, the Cash Flows from ...