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nnect FINANCE 1 CHAPTERS 1-2 value 5.00 points Problem 2-31 Free Cash Flow (LG2-5) The 2015 income statement for Duffy's Pest Control shows that depreciation
nnect FINANCE 1 CHAPTERS 1-2 value 5.00 points Problem 2-31 Free Cash Flow (LG2-5) The 2015 income statement for Duffy's Pest Control shows that depreciation expense was $197 million, EBIT was $494 million, and the tax rate was 30 percent. At the beginning of the year, the balance of gross fixed assets was $1,562 million and net operating working capital was $417 million. At the end of the year, gross fixed assets was $1,803 million. Dufty's free cash flow for the year was $424 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 References eBook & Resources Worksheet Problem 2-31 Free Cash Difficulty: 2 Intermediate Flow (LG2-5)
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