Balance Sheets 2019 2018 $110 $95 300 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 275 375 $760 2,300 $3,060 250 $645 1,490 $2,135 $150 $85 75 50 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 160 $385 450 1,225 1,000 $3,060 $220 290 1,225 400 $2,135 Income Statements Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT $2,285 1,250 $1,035 100 $935 63 $872 218 $654 2018 $1,585 1,000 $585 75 $510 - 46 $464 116 $348 Interest EBT Taxes (25%) Net income $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)