Cellular Access, Inc. is a cellular telephone service provider that reported net income of $250 million for the most recent fiscal year. The firm had depreciation expenses of $128 million, capital expenditures of $162 million, and no interest expenses. Working capital increased by $14 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.
Cellular Access, Inc. is a cellular telephone service provider that reported net income of $250 million for the most recent fiscal year. The firm had depreciation expenses of $128 million, capital expenditures of $162 million, and no interest expenses. Working capital increased by $14 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.
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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Cellular Access, Inc. is a cellular telephone service provider that reported net income of $250 million for the most recent fiscal year. The firm had
Calculate the
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