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

question 56

Multiple Choice

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.

• A) $44.6 million
• B) $3.2 million
• C) $25.0 million
• D) $5.3 million

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Definitions:

Grantor

An individual or entity that creates a trust, transferring ownership of assets to the trust.

Beneficiary

A person or entity entitled to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.

Trust

A fiduciary relationship in which one party, known as a trustee, holds the right to manage property or assets for the benefit of another party, the beneficiary.

Testamentary Capacity

The legal and mental ability of a person to make or alter a valid will.