Question: Cellular Access, Inc., a cellular telephone service provider reported net income of $244.8 million for the most recent fiscal year. The firm had depreciation expenses
Cellular Access, Inc., a cellular telephone service provider reported net income of $244.8 million for the most recent fiscal year. The firm had depreciation expenses of $109.3 million, capital expenditures of $193.9 million, and no interest expenses. Net working capital increased by $9.3 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year. The free cash flow is $ million. (Round to one decimal place.)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
