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The 2015 income statement for Pest Control shows that depreciation expense was $208 million, EBIT was $526 million, and the tax rate was 35%. At
The 2015 income statement for Pest Control shows that depreciation expense was $208 million, EBIT was $526 million, and the tax rate was 35%. At the beginning of the year, the balance of gross fixed assets was $1,596 million and net operating working capital was $428 million. At the end of the year gross fixed assets was $1,854 million. Pest Control free cash flow for the year was $439 million.
Calculate the end-of-year balance for net operating working capital. (Enter answer in million dollars rounded to 1 decimal place)
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