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The income statement for Duffys Pest Control shows that depreciation expense was $208 million, EBIT...

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Finance

The income statement for Duffys Pest Control shows that depreciation expense was $208 million, EBIT was $526 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,596 million and net operating working capital was $428 million. At the end of the year, gross fixed assets was $1,854 million. Duffys free cash flow for the year was $439 million.
Calculate the end-of-year balance for net operating working capital.
Note: Enter your answers in millions of dollars rounded to 1 decimal place. (i.e., Enter 5,500,000 as 5.5.)
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The income statement for Duffy's Pest Control shows that depreciation expense was $208 million, EBIT was $526million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,596 million and net operating working capital was $428 million. At the end of the year, gross fixed assets was $1,854 million. Duffy's free cash flow for the year was $439 million. Calculate the end-of-year balance for net operating working capital. Note: Enter your answers in millions of dollars rounded to 1 decimal place. (i.e., Enter 5,500,000 as 5.5.)

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