(SOLVED) Cellular Access, Inc., a cellular telephone service provider reported net income of $251.2 million for the most recent fiscal year.
Discipline: Finance
Type of Paper: Question-Answer
Academic Level: Undergrad. (yrs 1-2)
Paper Format: APA
Pages: 1
Words: 33
Question
Cellular Access, Inc., a cellular telephone service provider reported net income of $251.2 million for the most recent fiscal year. The firm had depreciation expenses of $108.9 million, capital expenditures of $193.4 million, and no interest expenses. Net working capital increased by $10.9 million.
Calculate the free cash flow for Cellular Access for the most recent fiscal year.
The free cash flow is ________$ million. (Round to one decimal place.)
Expert Solution Preview
Free cash flow = Net Income + Depreciation expense - Capital expenditure - Increase in net working capital
=
