Balance Sheets 2019 2018 $100 275 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 375 $750 2,300 $3,050 $85 300 250 $635 1,490 $2,125 $85 50 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $150 75 150 $375 450 1,225 1,000 75 $210 290 1,225 400 350 125 Ch 03: Homework Problems - Financial Statements, Cash Flow, and Taxes Wie WAJU YU 50 75 150 Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $375 450 75 $210 290 1,225 400 $2,125 1,225 1,000 $3,050 Income Statements 2019 $2,285 1,250 $1,035 100 2018 $1,585 1,000 $585 75 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income $935 63 $872 $510 46 $464 116 218 $654 $348 $48 Dividends paid Addition to retained earnings $54 $600 $300 Shares outstanding 100 100 Price $25.00 $22.50 WACC 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 2019 net operating working capital (NOWC)? $ What is Rosnan's 2019 net working capital (NWC)? $