Cellular Access, Inc., a cellular telephone service provider reported net income of $250 million for the...
Cellular Access, Inc., a cellular telephone service provider reported net income of $250 million for the most recent fiscal year. The firm had depreciation expenses of $100 million, capital expenditures of $200 million, and no interest expenses. Net working capital increased by $10 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.
Homework Answers
Free Cas Flow for Cellular Access for most recent fiscal year
= Net Income + Depreciation - Capital Expenditure - Increased Net Working Capital
= $250 + $100 - $200 - $10
= $140 million
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