Cellular Access, Inc., a cellular telephone service provider reported net income of $242.6 million for the most recent fiscal year. The firm had depreciation expenses of $100.5 million, capital expenditures of $192.7 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.)

Cellular Access, Inc., a cellular telephone service provider reported net income of $242.6 million for the most recent fiscal year. The firm had depreciation expenses of $100.5 million, capital expenditures of $192.7 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.)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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