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Below is the balance sheet for Glucose Control Company as of Dec. 31, 2020. Assets Liabilities and Equity Cash 12,000 Accounts payable 16,000 Marketable securities
Below is the balance sheet for Glucose Control Company as of Dec. 31, 2020.
Assets | Liabilities and Equity | |||
Cash | 12,000 | Accounts payable | 16,000 | |
Marketable securities | 2,000 | Notes payable | 6,000 | |
Accounts receivable | 6,000 | Total current liabilities | 22,000 | |
Inventory | 36,000 | Long-term debt | 95,000 | |
Total current assets | 56,000 | Total liabilities | 117,000 | |
Machines | 34,000 | Paid-in capital | 20,000 | |
Real estate | 80,000 | Retained earnings | 33,000 | |
Net fixed assets | 114,000 | Total equity | 53,000 | |
Total assets | 170,000 | Total liab. & equity | 170,000 |
Half of the cash is not needed for operations.
What is the company's net operating working capital (NOWC)?
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