Question
The 2015 income statement for Egyptian Noise Blasters shows that depreciation expense is $96 million, NOPAT is $287 million. At the end of the year,
| The 2015 income statement for Egyptian Noise Blasters shows that depreciation expense is $96 million, NOPAT is $287 million. At the end of the year, the balance of gross fixed assets was $730 million. The change in net operating working capital during the year was $86 million. Egyptians free cash flow for the year was $260 million. |
| Calculate the beginning-of-year balance for gross fixed assets |
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The Social Media Handbook For Financial Advisors
Authors: Matthew Halloran
1st Edition
1118208013, 978-1118208014
