Question: Cellular Access, Inc., a cellular telephone service provider, reported net income of $247.4 million for the most recent fiscal year. The firm had depreciation expenses
Cellular Access, Inc., a cellular telephone service provider, reported net income of $247.4 million for the most recent fiscal year. The firm had depreciation expenses of $90.4 million, capital expenditures of $199.9 million, and no interest expenses. Net working capital increased by $10.1 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.)
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