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). Data table (Click on the icon located on the top-right corner of the data tables below in order to copy its contents into a spreadsheet.) Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,460 $960 Marketable securities 1,750 1,190 Accounts receivable 2,000 1,770 Inventories 2,900 2,850 Total current assets $8,110 $6,770 Gross fixed assets $29,530 $28,050 Less: Accumulated depreciation 14,700 13,110 Net fixed assets $14,830 $14,940 Total assets $22,940 $21,710 Liabilities and Stockholders' Equity Accounts payable $1,590 $1,460 Notes payable 2,800 2,160 Accruals 210 270 Total current liabilities $4,600 $3,890 Long-term debt $4,940 $4,920 Total liabilities $9,540 $8,810 Common stock $10,050 $10,050 Retained earnings 3,350 2,850 Total stockholders' equity $13,400 $12,900 Total liabilities and stockholders' equity $22.940 $21.710 Print Done $14,830 $22,940 $14,940 $21,710 Less: Accumulated depreciatio Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1,590 2,800 210 $4,600 $4,940 $9,540 $10,050 3,350 $13,400 $22,940 $1,460 2,160 270 $3,890 $4,920 $8,810 $10,050 2,850 $12,900 $21,710 Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,590 2,690 375 1,829 21% Print Done