Consider the balance sheets and selected data from the income statement of Keith Corporation that follows: Assests Current Year(RM) Last Year (RM)

Cash 1500 1000

Marketable securities 1800 1200

Accounts receivable 2000 1800

Inventories 2900 2800

Total current assests 8200 6800

Gross Fixed Assests 29500 28100

Less accumulated depreciation 14700 13100

Net Fixed Assests 14800 15000

Total Assests 23000 21800

Liabilities and stockholder's equity

Accounts payable 1600 1500

Notes Payable 2800 2200

Accruals 200 300

Total current liablities 4600 4000

Long term debt 5000 5000

Common stock 10000 10000

Retained earnings 3400 2800

Total stockholder's equity 13400 12800

Total liablities and stockholder's equity 23000 21800

Depreciation expense 1600

Earnings before interest and taxes (EBIT) 2700

Interest expense 367

Net Profits after taxed 1400

Tax Rate 21% 1. Calculate the firm's net operating profit after taxes (NOPAT) and operating cash flow (OCF) for this year. 2. Calculate the NET FIXED assest Investments (NFAI) and Net Current Assets Investments (NCAI) 3. Calculate the firm's free cash flow (FCF) for the year.