Net Operating Working Capital $($NOWC$)$

Using the following balance sheets of Mimi's Gymnastics Inc., what is the net operating working capital $($NOWC$)$ for $2023?$

Mimi's Gymnastics Inc.: Balance Sheets as of December $31$

$($Millions of Dollars$)$

$2023$

Assets

Cash $ $70$

Short$-$term investments $80$

Accounts receivable $1,300$

Inventories $800$

Total current assets $ $2,250$

Net plant and equipment $2,400$

Total assets $ $4,650$

Liabilities and Equity

Accounts payable $ $400$

Accruals $100$

Notes payable $180$

Total current liabilities $ $680$

Long$-$term debt $900$

Total liabilities $ $1,580$

Common stock $2,400$

Retained earnings $670$

Total common equity $ $3,070$

Total liabilities and equity $ $4,650$

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