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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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