The 2021 income statement for Dully's Pest Control shows that depreciation expense was $197 milion,...

50.1K

Verified Solution

Question

Finance

image
The 2021 income statement for Dully's Pest Control shows that depreciation expense was $197 milion, EBIT was $440etion, and the tak rate was 21 percent. At the beginning of the year, the balance of gross foxed assets was $1562 million and net operating working capital was $417 million. At the end of the year, grossfied assets was $1803 million Dully free cash flow for the year was 5424 million Calculate the end of year balance for net operating working capital (Enter your answer in millions of dollars rounded to 1 decimal place) milion Net operating working capital

Answer & Explanation Solved by verified expert
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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students