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Last year Molex’s net cash provided by operating activities was $14.1 million and its net cash...

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 and cash equivalents during the year? Molex started the year with $2.1 million in cash. Please show work.

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Answer #1

Operating Cashflow = $14.1 (Inflow)

Investing Cashflow = - $20.7 (Outflow)

Financing Cashflow = $9.8 (Inflow)

Net Cashflow = 14.1 + 9.8 - 20.7 = $3.2 million

According to formula,

End Cash and Cash Equivalents= Net Cashflow + Beginning Cash and Cash Equivalents

End Cash and Cash Equivalents = 3.2 + 2.1 = $ 5.3 million

Net increase in cash and cash equivalents = 5.3 - 2.1 = $3.2 million Answer

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