End-of-year balance for net operating working capital

Assignment Help Financial Management

Reference no: EM131831135

Free Cash Flow

The 2015 income statement for Duffy’s Pest Control shows that depreciation expense was $198 million, EBIT was $506 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,576 million and net operating working capital was $418 million. At the end of the year, gross fixed assets was $1,824 million. Duffy’s free cash flow for the year was $419 million. Calculate the end-of-year balance for net operating working capital. (Enter your answer in millions of dollars rounded to 1 decimal place.)

Reference no: EM131831135

Questions Cloud

Financing costs with the most aggressive asset-financing mix : Compute the anticipated return after financing costs with the most aggressive asset-financing mix.

Zero coupon rate under the unbiased expectations hypothesis : What would be the two year zero coupon rate and the three year zero coupon rate under the unbiased expectations hypothesis?

What are the npv and irr of the replacement projects : What are the incremental cash flows in years 1,2, and 3? what are the NPV and IRR of the replacement projects?

Explain how the amount of interest earned changes : Explain how the amount of interest earned changes in each succeeding 6 dash year6-year period.

End-of-year balance for net operating working capital : Calculate the end-of-year balance for net operating working capital.

Unbiased expectation hypothesis and the fisher hypothesis : Construct the zero coupon yield curve for year 1, year 2 and year 3 under the unbiased expectation hypothesis and the fisher hypothesis.

Monthly loan payments personal finance problem : Monthly loan payments Personal Finance Problem Tim Smith is shopping for a used car. He has found one priced at $ $4,500.

Financing costs with most aggressive asset-financing mix : Compute the anticipated return after financing costs with the most aggressive asset-financing mix.

Determine the amount of money in savings account : Determine the amount of money in a savings account at the end of 3 years, What is Mr. Warner's cost of not taking the cash discount?

User Account

All Pages