Cellular Access Inc., is a cellular telephone service provider that reported net operating profit after tax (NOPAT) of $245 million for the most recent fiscal year. The firm had depreciation expenses of $119 million, capital expenditures of $181 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 operating profit after tax (NOPAT) of $245 million for the most recent fiscal year. The firm had depreciation expenses of $119 million, capital expenditures of $181 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.
Chapter4: Financial Planning And Forecasting
Section: Chapter Questions
Problem 1P
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