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The 2021 income statement for Egyptian Noise Blasters shows that depreciation expense is $81 million, NOPAT is $242 million. At the end of the year,
The 2021 income statement for Egyptian Noise Blasters shows that depreciation expense is $81 million, NOPAT is $242 million. At the end of the year, the balance of gross fixed assets was $655 million. The change in net operating working capital during the year was $71 milion. Egyptlan's free cash flow for the year was $185 million. Calculate the beginning-of-year balance for gross fixed assets, (Enter your onswer in millions of dollars.) Answer is complete but not entirely correct. The 2021 income statement for Egyptian Noise Blasters shows that depreciation expense is $81 million, NOPAT is $242 million. At the end of the year, the balance of gross fixed assets was $655 million. The change in net operating working capital during the year was $71 milion. Egyptlan's free cash flow for the year was $185 million. Calculate the beginning-of-year balance for gross fixed assets, (Enter your onswer in millions of dollars.) Answer is complete but not entirely correct
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