Beginning-of-year balance for gross fixed assets

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Reference no: EM131832467

The 2015 income statement for Egyptian Noise Blasters shows that depreciation expense is $95 million, NOPAT is $284 million. At the end of the year, the balance of gross fixed assets was $725 million. The change in net operating working capital during the year was $85 million. Egyptian’s free cash flow for the year was $255 million. Calculate the beginning-of-year balance for gross fixed assets. (Enter your answer in millions of dollars.)

Beginning of year gross fixed assets= $ m

Reference no: EM131832467

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