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I HAVE TEN QUESTIONS AND WILL PAY A DOLLAR FOR EACH OF THEM

 The  2015 income statement for Duffy’s 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.  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 $  m  

    • 9 years ago
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