Assets 2019 2018 Cash $1,500 $960 Marketable securities 1,810 1,230 Accounts receivable 1,990 1,780 Inventories 2,880 2,770 Total current assets $8,180 $6,740 Gross fixed assets $29,520 $28,130 Less: Accumulated depreciation 14,730 13,110 Net fixed assets $14,790 $15,020 Total assets $22,970 $21,760 Liabilities and Stockholders' Equity Accounts payable $1,630 $1,530 Notes payable 2,820 2,230 Accruals 150 300 Total current liabilities $4,600 $4,060 Long-term debt $4,870 $4,840 Common stock $10,050 $10,050 Retained earnings 3,450 2,810 Total stockholders' equity $13,500 $12,860 Total liabilities and stockholders' equity $22,970 $21,760

Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow ? a. Calculate the firm's net operating profit after taxes (NOPAT) for the year ended December 31, 2019. b. Calculate the firm's operating cash flow (OCF) for the year ended December 31, 2019. c. Calculate the firm's free cash flow (FCF) for the year ended December 31, 2019. d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). a. The net operating profit after taxes is $2125. (Round to the nearest dollar.) b. The operating cash flow (OCF) is $ 3745. (Round to the nearest dollar.) c. The firm's free cash flow (FCF) is S (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow ? a. Calculate the firm's net operating profit after taxes (NOPAT) for the year ended December 31, 2019. b. Calculate the firm's operating cash flow (OCF) for the year ended December 31, 2019. c. Calculate the firm's free cash flow (FCF) for the year ended December 31, 2019. d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). a. The net operating profit after taxes is $2125. (Round to the nearest dollar.) b. The operating cash flow (OCF) is $ 3745. (Round to the nearest dollar.) c. The firm's free cash flow (FCF) is S (Round to the nearest dollar.) Enter your answer in the answer box and then click Check