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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.

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