Balance Sheets
	2019	2018
Assets
Cash and equivalents	$90	$75
Accounts receivable	275	300
Inventories	375	250
Total current assets	$740	$625
Net plant and equipment	2,300	1,490
Total assets	$3,040	$2,115
Liabilities and Equity
Accounts payable	$150	$85
Accruals	75	50
Notes payable	140	65
Total current liabilities	$365	$200
Long-term debt	450	290
Common stock	1,225	1,225
Retained earnings	1,000	400
Total liabilities and equity	$3,040	$2,115

Income Statements
	2019	2018
Sales	$2,285	$1,585
Operating costs excluding depreciation	1,250	1,000
EBITDA	$1,035	$585
Depreciation and amortization	100	75
EBIT	$935	$510
Interest	63	46
EBT	$872	$464
Taxes (25%)	218	116
Net income	$654	$348
Dividends paid	$54	$48
Addition to retained earnings	$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)? Please show work

What is Rosnan's 2019 net working capital (NWC)? Please show work