Free Cash Flow The 2013 income statement for John's Gym shows that depreciation expense is $20 million,EBIT is $80 million,and taxes are $24 million.At the end of the year,the balance of gross fixed assets was $102 million.The increase in net operating working capital during the year was $18 million.John's free cash flow for the year was $41 million.What was the beginning of year balance for gross fixed assets?

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The Answer of Free Cash Flow The 2013 income statement for John's Gym shows that depreciation expense is $20 million,EBIT is $80 million,and taxes are $24 million.At the end of the year,the balance of gross fixed assets was $102 million.The increase in net operating working capital during the year was $18 million.John's free cash flow for the year was $41 million.What was the beginning of year balance for gross fixed assets?

Free Cash Flow the 2013 Income Statement for John's Gym