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

Question

3 years ago

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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] · Answer 1 · 2022-05-19T05:56:17+03:00

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

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

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