Balance Sheets 2018 2017 $90 275 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 375 $75 300 350 $725 1,490 $2,215 $740 2,000 $2,740 $150 75 140 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $365 450 1,225 700 $85 50 165 $300 290 1,225 400 $2,740 $2,215 Income Statements 2018 2017 $2,000 1,250 $1,500 1,000 $750 100 $500 75 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net income $425 $650 62 45 $588 235 $353 $380 152 $228 Dividends paid Addition to retained earnings $53 $300 $48 $180 100 Shares outstanding Price WACC 100 $22.50 $25.00 10.00% 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)? $