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.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter4: Financial Planning And Forecasting
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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.
Transcribed Image Text: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.
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