Crdilyes JLUCILIUTUU come from new stock issues, stock repurchases, net income, and dividends paid Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and incon Balance Sheets 2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $70 275 375 $720 2,000 $2,720 $55 300 350 $705 1,490 $2,195 $150 75 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 120 $345 450 1,225 700 $2,720 $85 50 145 $280 290 1,225 400 $2,195 Income Statements 2018 2017 $1,500 Sales Operating costs excluding depreciation and $2,000 1,250 1,000 Income Statements 2018 $2,000 1,250 2017 $1,500 1,000 $750 100 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (40%) Net income $500 75 $425 45 $650 62 $588 235 $353 $380 152 $228 Dividends paid Addition to retained earnings $53 $300 $48 $180 Shares outstanding Price WACC 100 $25.00 10.00% 100 $22.50 The balance in the firm's cash and equivalents account is needed for operations and is not What is Rosnan's 2018 net operating working capital (NOWC)? What is Rosnan's 2018 net working capital (NWC)? The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. What is Rosnan's 2018 net operating working capital (NOWC)? What is Rosnan's 2018 net working capital (NWC)