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Net Operating Working Capital (NOWC) Using the following balance sheets of Mimi's Gymnastics Inc., what is the net operating working capital (NOWC) for 2020?
Net Operating Working Capital (NOWC) Using the following balance sheets of Mimi's Gymnastics Inc., what is the net operating working capital (NOWC) for 2020? Mimi's Gymnastics Inc.: Balance Sheets as of December 31 (Millions of Dollars) Assets Cash Short-term Investments Accounts receivable Inventories 2020 $ 100 110 1,200 Accounts payable Accruals 600 Total current assets $2,010 Net plant and equipment 2,100 Total assets $4,110 Liabilities and Equity $ 500 100 210 $ 810 900 $1,710 2,100 300 $2,400 Notes payable Total current liabilities Long-term debt Total liabilities Common stock. Retained earnings Total common equity Total liabilities and equity $4,110 Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number. $ million Grade it Now Save & Continue
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