The Following Information Is Available for Cooke Corporation What Is the Net Increase in Cash and Equivalents?
A)

Multiple Choice

The following information is available for Cooke Corporation: $$\begin{array} { | l | c | } \hline & \text { (in million) } \\\hline \text { Cash receipts from operating activities } & \$ 980 \\\hline \text { Cash payments from operating activities } & \$ 240 \\\hline \text { Net cash used by investing } & \$ 210 \\\hline \text { Net cash provided by financing } & \$ 750 \\\hline \text { Net increase in cash and equivalents } & ? \\\hline \text { Cash and equivalents at start of year } & \$ 550 \\\hline \text { Cash and equivalents at year-end } & ? \\\hline\end{array}$$ What is the net increase in cash and equivalents?

A) $1,700
B) $1,280
C) $730
D) $2,250