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Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below. The balance in the firm's cash and equivalents account is

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Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below. The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. What is Rosnan's 2013 net operating working capital (NOWC)

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