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.)

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.)

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 8PEB

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