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Athenian Venues Inc. just reported the following selected portion of its financial statements for the end of 2020. Your assistant has already calculated the 2020
Athenian Venues Inc. just reported the following selected portion of its financial statements for the end of 2020. Your assistant has already calculated the 2020 end-of-year net operating working capital (NOWC) from the full set of financial statements (not shown here), which is $23 million. The total net operating capital for 2019 was $38 million. What was the 2020 net investment in operating capital?
Athenian Venues Inc.: Selected Balance Sheet Information as of December 31 | ||
(Millions of Dollars) | ||
2020 | ||
Assets | ||
Cash | $ | 3 |
Short-term investments | 7 | |
Accounts receivable | 12 | |
Inventories | 18 | |
Total current assets | $ | 40 |
Net plant and equipment | 46 | |
Total assets | $ | 86 |
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