Balance Sheets \begin{tabular}{rr} \multicolumn{1}{c}{2019} & 2018 \\ \hline$110 & $95 \\ 275 & 300 \\ 375 & 250 \\ \hline$760 & $645 \\ 2,300 & 1,490 \\ \hline$3,060 & $2,135 \\ \hline \hline \end{tabular} Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity \begin{tabular}{rr} $150 & $85 \\ 75 & 50 \\ 160 & 85 \\ \hline$385 & $220 \\ 450 & 290 \\ 1,225 & 1,225 \\ 1,000 & 400 \\ \hline$3,060 & $2,135 \\ \hline \end{tabular} Income Statements Sales Operating costs excluding depreciation EBITDA Depreciation and amortication EBIT Interest EBT Taxes (25\%) Net income Dividends paid Addition to retained earnings $54 $600 $48 $300 Shares outstanding 100 100 income stacements The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" What is Rosnan's 2019 net operating working capital (NOWC)? $ What is Rosnan's 2019 net working capital (NWC)