The 2015 income statement for Egyptian Noise Blasters shows that
depreciation expense is $82 million, NOPAT...
60.1K
Verified Solution
Link Copied!
Question
Finance
The 2015 income statement for Egyptian Noise Blasters shows thatdepreciation expense is $82 million, NOPAT is $245 million. At theend of the year, the balance of gross fixed assets was $660million. The change in net operating working capital during theyear was $72 million. Egyptian’s free cash flow for the year was$190 million.
Calculate the beginning-of-year balance for gross fixed assets.(Enter your answer in millions of dollars.)
Answer & Explanation
Solved by verified expert
4.2 Ratings (621 Votes)
We have Operating cash flows NOPAT Depreciation expense 245 million 82 million 327 million Step 1 Find Investment in operating capital Free cash flow Operating cash flows Investment in
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
