The 2015 income statement for Duffys Pest Control shows that depreciation expense was $204 million,...
70.2K
Verified Solution
Link Copied!
Question
Finance
The 2015 income statement for Duffys Pest Control shows that depreciation expense was $204 million, EBIT was $518 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,588 million and net operating working capital was $424 million. At the end of the year, gross fixed assets was $1,842 million. Duffys free cash flow for the year was $431 million.
Calculate the end-of-year balance for net operating working capital. (Enter your answer in millions of dollars rounded to 1 decimal place.)
Net operating working capital
$ m
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
