Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
The 2014 income statement for Tiggie's Stuffed Toys shows that depreciation expense is $71 million, EBIT is $150 million, EBT is $86 million, and the...
The 2014 income statement for Tiggie's Stuffed Toys shows that depreciation expense is $71 million, EBIT is $150 million, EBT is $86 million, and the tax rate is 30 percent. At the beginning of the year, the balance of gross fixed assets was $562 million and net operating working capital was $150 million. At the end of the year gross fixed assets was $648 million. Tiggie's free cash flow for the year was $152 million. Calculate the end of year balance for net operating working capital.