93 Chapter 2 Financial Statements, Cash Flow, and Taxes Using the following balance sheets of Mimi's Gymnastics Inc., what is the net operating working capital (NOWC) for 2020? Mimi's Gymnastics Inc.: Balance Sheets as of December 31 (Millions of Dollars) 2020 $ 90 110 Assets Cash Short-term investments Accounts receivable Inventories 1,200 900 $2,300 2,200 $4,500 $ 600 200 180 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 $ 980 800 $1,780 2,200 520 $2,720 $4,500 Athenian Venu