Question: Net Operating Working Capital (NOWC) Using the following balance sheets of Mimi's Gymnastics Inc., what is the net operating working capital (NOWC) for 20202 Mimi's
Net Operating Working Capital (NOWC) Using the following balance sheets of Mimi's Gymnastics Inc., what is the net operating working capital (NOWC) for 20202 Mimi's Gymnastics Inc: Balance Sheets as of December 31 (Millions of Dollars) 2020 Assets Cash $ 100 Short-term investments 120 Accounts receivable 1,000 Inventories 900 Total current assets $2,120 Net plant and equipment 2,300 Total assets $4,420 Liabilities and Equity Accounts payable $ 800 Accruals 300 Notes payable 160 Total current liabilities $1,260 Long-term debt 700 Total liabilities $1,960 Common stock 2,300 Retained eamings 160 Total common equity $2,460 Total lisbilities and equity $4,420 Enter your answer in millions. For example, an answer of $1 rution should be entered as 1, not 1,000,000. Round your answer to the nearest whale number 860 millon
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