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Problem 2 - 2 7 Free Cash Flow ( LG - 5 ) The income statement for Duffy's Pest Control shows that depreciation expense was
Problem Free Cash Flow LG
The income statement for Duffy's Pest Control shows that depreciation expense was $ million, EBIT was $ million, and the tax
rate was percent. At the beginning of the year, the balance of gross fixed assets was $ million and net operating working
capital was $ million. At the end of the year, gross fixed assets was $ million. Duffy's free cash flow for the year was $
million.
Calculate the endofyear balance for net operating working capital.
Note: Enter your answers in millions of dollars rounded to decimal place. ie Enter as
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