Cellular Access, Inc. is a cellular telephone service provider that reported net income of $250 million for the most recent fiscal year. The firm haddepreciation expenses of $100 million, capital expenditures of $200 million, and no interest expenses. Working capital increased by $10 million.Calculate the free cash flow for Cellular Access for the most recent fiscal year.The free cash flow is $million. (Round to the nearest integer.)

Net income = $250.0 millionDepreciation = $100 millionCapital expenditures = $200 millionIncrease in…

Answered: Cellular Access, Inc. is a cellular…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Cellular Access, Inc., a cellular telephone service provider, reported net income of $250.2 million for the most recent fiscal year. The firm had depreciation expenses of $102.1 million, capital expenditures of $196.3 million, and no interest expenses. Net working capital increased by $9.9 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year. The free cash flow is 5 million (Round to one decimal place.) GEZE
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solution star industries has published its annual account. it indicates that during the year the year the firm had sales of $3,500,000, cost of goodssold totaled $2,300,000, operating expenses of $420,000, and depreciation expenses 0f $240,000. the firm is in 30% tax bracket. determine the firm's operating cash flow?
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Atlantic Telecom reported net income of $250.4 million for the most recent fiscal year. The firm had CCA deductions of $108.3 million (assume reported depreciation was equal to this CCA), capital expenditures of $195.1 million, and no interest expenses. NWC increased by $9.5 million. Calculate the free cash flow for Atlantic Telecom for the most recent fiscal year.
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