Cellular Access, Inc., a cellular telephone service provider, reported net income of $258.6 million for the most recent fiscal year. The firm had depreciation expenses of $101.7 million, capital expenditures of $190.7 million, and no interest expenses. Net working capital increased by $9.4 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 $258.6 million for the most recent fiscal year. The firm had depreciation expenses of $101.7 million, capital expenditures of $190.7 million, and no interest expenses. Net working capital increased by $9.4 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.)

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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Butterfly Tractors had $15.50 million in sales last year. Cost of goods sold was $8.30 million, depreciation expense was $2.30 million, interest payment on outstanding debt was $1.30 million, and the firm’s tax rate was 21%. What was the firm’s net income? Note: Enter your answer in millions rounded to 2 decimal places. What was the firm’s cash flow? Note: Enter your answer in millions rounded to 2 decimal places. What would happen to net income and cash flow if depreciation were increased by $1.30 million? Note: Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance. Would you expect the change in depreciation to have a positive or negative impact on the firm’s stock price? What would be the impact on net income if depreciation was $1 million and interest expense was $2 million? What would be the impact on cash flow if depreciation was $1.30 million and interest expense was $2.30 million? Note: Enter your…
Libscomb Technologies' annual sales are $6,974,991 and all sales are made on credit, it purchases $3,511,535 of materials each year (and this is its cost of goods sold). Libscomb also has $550,869 of inventory, $522,928 of accounts receivable, and $477,584 of accounts payable. Assume a 365 day year. What is Libscomb’s Inventory Turnover?
Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $33 million. The fixed assets could currently be sold for $57 million. Muffin's current balance sheet shows current liabilities of $15.0 million and net working capital of $14.0 million. If all the current accounts were liquidated today, the company would receive $8.20 million cash after paying the $15.0 million in current liabilities.What is the book value of Muffin's Masonry's assets today and the market value of these assets?
This year a firm had revenues of $10,000 and total expenses of $8,000. The firm also increased their inventory by $500, accounts receivable by $300 and accounts payable by $400.The firm also purchased a new $1,000 piece of machinery. The firm recorded $200 in depreciation and paid $200 in interest. The firm’s tax rate is 21%. What is the free cash flow for the firm?
This year, Stang Fabrications Inc. has EBIT of $9,080,000, depreciation expenses of $800,000, capital expenditures of $1,000,000, and has increased its net working capital by $450,000. If its tax rate is 25%, what is its free cash flow? The company's free cash flow is $ (Round to two decimal places.)
Bottling's December 31st balance sheet is given below: Cash 10 Accounts payable $ 15Accounts receivable 25 Notes payable 20 Inventory 40 Accrued wages and taxes 15 Net fixed assets 75 Long-term debt 30 Common equity 70 Total liabilities Total assets $150 and equity $150 Sales during the past year were $100, and they are expected to rise by 50 percent to $150 during next year. Also, during last year fixed assets were being utilized to only 85 percent of capacity (excess capacity). Assume that profit margin will remain constant at 5 percent and that the company will continue to pay out 60 percent of its earnings as dividends. To the nearest whole dollar, what amount of nonspontaneous, additional funds will be…
Company DotThrive reported the following financial results. Operating income is $94.98 million and depreciation and amortization is $6.12 million. The company spent $13.99 million buying new equipment and sold $3.58 million old equipment (this is the after-tax salvage). Net working capital increased by $1.31 million from previous year. The company's tax bracket is 21%. What's the company's Free Cash Flow (FCF) for the year?
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 $244.3 million for the most recent fiscal year. The firm had depreciation expenses of $102.7 million, capital expenditures of $200.7 million, and no interest expenses. Net working capital increased by $10.7 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.)
Chris’s Outdoor Furniture, Incorporated, has net cash flows from operating activities for the last year of $310 million. The income statement shows that net income is $285 million and depreciation expense is $41 million. During the year, the change in inventory on the balance sheet was $31 million, change in accrued wages and taxes was $11 million, and change in accounts payable was $22 million. At the beginning of the year, the balance of accounts receivable was $41 million. Calculate the end-of-year balance for accounts receivable.

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