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The 2015 income statement for Egyptian Noise Blasters shows that depreciation expense is $92 million, NOPAT is $275 million. At the end of the year,
The 2015 income statement for Egyptian Noise Blasters shows that depreciation expense is $92 million, NOPAT is $275 million. At the end of the year, the balance of gross fixed assets was $710 million. The change in net operating working capital during the year was $82 million. Egyptians free cash flow for the year was $240 million.
Problem 2-32 Free Cash Flow (LG2-5) The 2015 income statement for Egyptian Noise Blasters shows that depreciation expense is $92 million, NOPAT is $275 million. At the end of the year, the balance of gross fixed assets was $710 million. The change in net operating working capital during the year was $82 million. Egyptian's free cash flow for the year was $240 million. Calculate the beginning-of-year balance for gross fixed assets. (Enter your answer in millions of dollars.) Beginning of year gross fixed assetsStep by Step Solution
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