Using the following balance sheets of Mimis Gymnastics Inc., what is the net operating working capital (NOWC)
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Using the following balance sheets of Mimi’s Gymnastics Inc., what is the net operating working capital (NOWC) for 2022?
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Mimi's Gymnastics Inc.: Balance Sheets as of December 31 (Millions of Dollars) Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 2022 $ 90 110 1,200 900 $2,300 2,200 $4,500 $ 600 200 180 $980 800 $1,780 2,200 520 $2,720 $4,500
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Related Book For
Intermediate Financial Management
ISBN: 9780357516669
14th Edition
Authors: Eugene F Brigham, Phillip R Daves
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