Question: Compute Net Operating Working Capital (NOWC) in 2021 based on the financial statements provided below. Balance Sheet All numbers in thousands Period Ending 12/31/2021 12/31/2020
Compute Net Operating Working Capital (NOWC) in 2021 based on the financial statements provided below.
| Balance Sheet | ||
| All numbers in thousands | ||
| Period Ending | 12/31/2021 | 12/31/2020 |
| Current Assets | ||
| Cash and Cash Equivalents | 2,462,300 | 2,128,800 |
| Short term investments in marketable securities | 228,600 | 134,400 |
| Net Receivables | 870,400 | 768,800 |
| Inventory | 1,364,000 | 1,378,500 |
| Other Current Assets | 358,100 | 347,400 |
| Total Current Assets | 5,283,400 | 4,757,900 |
| Long term investments in marketable securities | 1,023,900 | 1,496,200 |
| Property Plant and Equipment | 4,919,500 | 4,533,800 |
| Goodwill | 1,539,200 | 1,719,600 |
| Intangible Assets | 441,400 | 516,300 |
| Other Assets | 1,151,300 | 1,282,000 |
| Total Assets | 14,358,700 | 14,305,800 |
| Current Liabilities | ||
| Accounts Payable | 782,500 | 730,600 |
| Income tax payables | 328,650 | 306,852 |
| Short/Current Long Term Debt | 375,600 | 399,900 |
| Other Current Liabilities | 2,733,950 | 3,109,448 |
| Total Current Liabilities | 4,220,700 | 4,546,800 |
| Long Term Debt | 3,932,600 | 3,185,300 |
| Other Liabilities | 755,300 | 689,700 |
| Total Liabilities | 8,908,600 | 8,421,800 |
| Stockholders' Equity | ||
| Common Stock | 1,400 | 1,500 |
| Retained Earnings | 5,563,200 | 5,949,800 |
| Treasury Stock | -155,600 | -108,400 |
| Capital Surplus | 41,100 | 41,100 |
| Total Stockholder Equity | 5,450,100 | 5,884,000 |
| A. | The NOWC in 2021 is 1,123,250 | |
| B. | The NOWC in 2021 is 342,052 | |
| C. | The NOWC in 2021 is 1,062,700 | |
| D. | The NOWC in 2021 is 851,600 | |
| E. | The NOWC in 2021 is -528,348 | |
| F. | The NOWC in 2021 is 13,402 |
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