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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
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
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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
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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