Question: Cellular Access, Inc., a cellular telephone service provider, reported net income of $ 2 5 1 . 7 million for the most recent fiscal year.
Cellular Access, Inc., a cellular telephone service provider, reported net income of
$251.7
million for the most recent fiscal year. The firm had depreciation expenses of $98.9
million, capital expenditures of $197.4
million, and no interest expenses. Net working capital increased by $9.5
million. Calculate the free cash flow for Cellular Access for the most recent fiscal year. The free cash flow is
$nothing
million.(Round to one decimal place.) Step by Step Solution
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