Data Table Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow 6 a. Calculate the firm's net operating profit after taxes (NOPAT) for this year. b. Calculate the firm's operating cash flow (OCF) for the year. c. Calculate the firm's free cash flow (FCF) for the year. d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). a. The net operating profit after taxes is $. (Round to the nearest dollar.) b. The operating cash flow (OCF) is $(Round to the nearest dollar.) C. The firm's free cash flow (FCF) is $. (Round to the nearest dollar.) d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). (Select all that apply.) A. Keith Corporation has positive cash flows from operating activities. B. Keith Corporation has negative cash flows from operating activities C. The OCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus investment in fixed and current assets. D. The FCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus investment in fixed and current assets. E. Depreciation is approximately the same size as net operating profit after tax, so the operating cash flow is about twice the NOPAT. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Keith Corporation Balance Sheets December 31 Assets This year Last year Cash $1,550 $950 Marketable securities 1,760 1,250 Accounts receivable 1,980 1,790 Inventories 2,910 2,840 Total current assets $8,200 S6,830 Gross fixed assets $29,480 $28,150 Less: Accumulated depreciation 14,740 13.080 Net fixed assets $14,740 $15,070 Total assets $22,940 $21,900 Liabilities and Stockholders' Equity Accounts payable $1,610 $1.520 Notes payable 2.770 2,220 Accruals 250 340 Total current liabilities $4,630 $4,080 Long-term debt $4,840 $4.990 Total liabilities $9,470 89,070 Common stock $10,030 $10,030 Retained earnings 3.440 2,800 Total stockholders' equity $13.470 $12,830 Total liabilities and stockholders' equity $ $22,940 $21.900 (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Income Statement Data (This year) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,660 2.690 367 1,835 21% Print Done