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Alex Ar [27]
3 years ago
15

Cellular​ Access, Inc., a cellular telephone service provider reported net income of $ 253.8 million for the most recent fiscal

year. The firm had depreciation expenses of $ 103.3 ​million, capital expenditures of $ 203.3 ​million, and no interest expenses. Net working capital increased by $ 10.6 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year. The free cash flow is ​$ nothing million.
Business
1 answer:
bulgar [2K]3 years ago
7 0

Answer:

$143.20 million

Explanation:

The computation of the free cash flow is shown below:

= EBIT × (1 -Tax Rate) + Depreciation & Amortization - Change in Net Working Capital - net capital Expenditure.

= $253.80 million + $103.3 million - $10.6 million - $203.3 million

= $143.20 million

All other information which is given is not relevant. Hence, ignored it

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