The following is the balance sheet for Ford Motor Company as of December 31, 1994 (in millions).

The firm had revenues of $154,951 million in 1994 and cost of goods sold of $103,817 million.

a. Estimate the net working capital.

b. Estimate the noncash working capital.

c. Estimate noncash working capital as a percent of revenues.

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Assets Liabilities Cash Receivables $ 19,927 $132,904 Accounts payable $ 11,635 Debt due within 1 year $ 36,240 Inventory $ 10,128 Current assets $ 91,524 Fixed assets $ 45,586 Other current liabilities Current liabilities Short-term debt $ 2,721 $ 50,596 $ 36,200 Long-term debt Equity Total assets $137,110 Total liabilities $ 37,490 $ 12,824 $137,110