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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