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The 2018 income statement for Duffys Pest Control shows that depreciation expense was $197 million, EBIT was $504 million, and the tax rate was 35
The 2018 income statement for Duffys Pest Control shows that depreciation expense was $197 million, EBIT was $504 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,574 million and net operating working capital was $417 million. At the end of the year, gross fixed assets was $1,821 million. Duffys free cash flow for the year was $417 million. Calculate the end-of-year balance for net operating working capita
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