Calculate the end-of-year balance for net operating capital

Assignment Help Financial Management

Reference no: EM131353505

The 2015 income statement for Duffy’s Pest Control shows that depreciation expense was $196 million, EBIT was $502 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,572 million and net operating working capital was $416 million. At the end of the year, gross fixed assets was $1,818 million. Duffy’s free cash flow for the year was $415 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: EM131353505

Questions Cloud

What does diversification do to the risk : What does diversification do to the risk and return characteristics of a portfolio? Explain what we mean when we say that one portfolio dominates another portfolio. You purchase a bond with an invoice price of $1,095. The bond has a coupon rate of 9...

Correct arrangement of atoms in nitrosyl chloride : Based on formal charge considerations, which of the following would likely be the correct arrangement of atoms in nitrosyl chloride: ClNO or ClON?

Select the compliance issue that you believe is challenging : Based on your experience and Chapter 2 in your textbook, select the compliance issue that you believe is the most challenging for an average HR department. Provide a rationale with your response. Then, respond to at least one (1) of your classmate..

Carbon monoxide during firefighting : Describe the concept of chemical bonds and valence. Why should firefighters be concerned with carbon monoxide during firefighting.

Calculate the end-of-year balance for net operating capital : The 2015 income statement for Duffy’s Pest Control shows that depreciation expense was $196 million, EBIT was $502 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,572 million and net op..

Implement a basic ray tracer that shoots one ray out : Implement a basic ray tracer that shoots one ray out into the scene per pixel and shades the nearest surface point that is hit. You can test your ray tracer with a simple scene composed of planes, spheres and triangles.

Calculate the entropy change of the universe : Calculate the entropy change of the universe as a result of the given processes:- A copper block of 0.4 kg mass and with heat capacity at constant pressure of 150J/K at 100°C is placed in a lake at 100°C.

Determine the two limits to market value : Determine the two limits to market value (i.e., the ceiling and the floor) that should be used in the lower-of-cost-or-market computation for skis.

Determine which smoothing constants provide better forecast : Resolve Problem with α = .1 and β = .8. Using MSE, determine which smoothing constants provide a better forecast. Use trend-adjusted exponential smoothing to forecast the firm's August income. Assume that the initial forecast average for February is..

User Account

All Pages