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Cellular Access, Inc., a cellular telephone service provider reported net income of $241.5 million for the most recent fiscal year. The firm had depreciation expenses
Cellular Access, Inc., a cellular telephone service provider reported net income of $241.5 million for the most recent fiscal year. The firm had depreciation expenses of $101.3 million, capital expenditures of $194.4 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 $126 million. (Round to one decimal place.)
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