Suppose a firm has the following information: Operating current assets 5 $2.7 million; operating current...
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Suppose a firm has the following information: Operating current assets 5 $2.7 million; operating current liabilities 5 $1.5 million; long-term bonds 5 $3 million; net plant and equipment 5 $7.8 million; and other long-term operating assets 5 $1 million. How much is tied up in net operating working capital (NOWC)? ($1.2 million) How much is tied up in total net operating capital? ($10 million)
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