Ch 02: Foundation Problems - Financial Statements, Cash Flow, and Taxes Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance Sheets: Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 2020 $100 275 375 $750 2,300 $3,050 2019 $85 300 250 $635 1,490 $2,125 $85 75 $210 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total common equity Total liabilities and equity $150 75 150 $375 450 1,225 1,000 $2,225 $3,050 290 1,225 400 $1,625 $2,125 Ch 02: Foundation Problems - Financial Statements, Cash Flow, and Taxes Income Statements: 2019 $1,585 1,000 $585 75 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income 2020 $2,285 1,250 $1,035 100 $935 63 $872 218 $654 $510 46 $464 116 $348 Dividends paid Addition to retained earnings $54 $600 $48 $300 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 considered "excess" cash. What is Rosnan's 2020 net operating working capital (NOWC)? Round your answer to the nearest dollar. What is Rosnan's 2020 net working capital (NWC)? Round your answer to the nearest dollar