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2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $120 275 375 $770 2,000 $2,770 $105
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $120 275 375 $770 2,000 $2,770 $105 300 350 $755 1,490 $2,245 $150 75 $85 50 195 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 170 $395 450 1,225 700 $2,770 $330 290 1,225 400 $2,245 Income Statements 2017 2018 $2,000 1,250 $1,500 1,000 Sales Operating costs excluding depreciation and amortization EBITDA $500 75 $750 100 $650 62 $588 235 $425 Depreciation and amortization EBIT Interest EBT Taxes (40%) Net income 45 $380 152 $353 $228 $53 Dividends paid Addition to retained earnings $48 $180 $300 100 Shares outstanding Price WACC 100 $25.00 10.00% $22.50 The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. What is Rosnan's 2018 net operating working capital (NOWC)? $ What is Rosnan's 2018 net working capital (NWC)
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