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 $ (Round to the nearest dollar) m Assets Cash Marketable securities Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Keith Corporation Balance Sheets Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity December 31 2019 $1,550 1,830 1,950 2,860 $8,190 $29,540 14,710 $14,830 $23,020 $1,650 2,840 200 $4,690 $4,990 $9,680 $9,950 3,390 $13,340 2018 $1,000 1,240 1,800 2,830 $6,870 $28,130 13,060 $15,070 $21,940 $1,530 2,180 270 $3,980 $5,210 $9,190 $9,950 2,800 $12,750 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 $ (Round to the nearest dollar) m Assets Cash Marketable securities Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Keith Corporation Balance Sheets Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity December 31 2019 $1,550 1,830 1,950 2,860 $8,190 $29,540 14,710 $14,830 $23,020 $1,650 2,840 200 $4,690 $4,990 $9,680 $9,950 3,390 $13,340 2018 $1,000 1,240 1,800 2,830 $6,870 $28,130 13,060 $15,070 $21,940 $1,530 2,180 270 $3,980 $5,210 $9,190 $9,950 2,800 $12,750