Cellular Access, Inc., a cellular telephone service provider reported net income of $246.6 million for the most recent fiscal year. The firm had depreciation expenses of $99.6 million, capital expenditures of $192.3 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. 143.8 million 123.3 million 132.4 million 198.7 million
Cellular Access, Inc., a cellular telephone service provider reported net income of $246.6 million for the most recent fiscal year. The firm had depreciation expenses of $99.6 million, capital expenditures of $192.3 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. 143.8 million 123.3 million 132.4 million 198.7 million
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please show all equations and work as needed. Make the correct answer clear. If possible, please type work so it can be copied. Thank you.
Transcribed Image Text:Cellular Access, Inc., a cellular telephone service
provider reported net income of $246.6 million
for the most recent fiscal year. The firm had
depreciation expenses of $99.6 million, capital
expenditures of $192.3 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.
143.8 million
123.3 million
132.4 million
198.7 million
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