Question
The2015 income statement for Duffy's Pest Control shows that depreciationexpense was $197 million, EBIT was $504 million, and the tax rate was 35percent. At the
The2015 income statement for Duffy's Pest Control shows that depreciationexpense was $197 million, EBIT was $504 million, and the tax rate was 35percent. At the beginning of the year, the balance of gross fixedassets was $1,574 million and net operating working capital was $417million. At the end of the year, gross fixed assets was $1,821 million.Duffy's free cash flow for the year was $417 million.
Calculate the end-of-year balance for net operating working capital. (Enter your answer in millions of dollars rounded to 1 decimal place.)
Net operating working capital $ million
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