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.) 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.) rai A. 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. lat B. 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 arce Click to select your answer(s). Data Table free hat fa et op in order to copy the contents of the data table below into a perati ee ca ad con (Click on the icon here spreadsheet.) ofit afte ow (a Tow (A Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,530 $980 Marketable securities 1,780 1,170 Accounts receivable 2,020 1,780 Inventories 2,900 2,820 Total current assets $8,230 $6,750 Gross fixed assets $29,450 $28,130 Less: Accumulated depreciation 14,700 13,140 Net fixed assets $14,750 $14,990 Total assets $22,980 $21,740 ad con ise pli is very nt asse is very se plu Sort Data Table 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 $1,470 2,180 340 $3,990 $4,920 $1,570 2,850 210 $4,630 $4,980 $9,610 $10,020 3,350 $13,370 $22,980 910 $10,020 2,810 $12,830 $21,740 (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) ry inanma Cestamant Data 120401 Print Done i Data Table en Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $9,610 $10,020 3,350 $13,370 $22,980 $8,910 $10,020 2,810 $12,830 $21,740 te (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) or Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate er se $1,560 2,670 373 1,815 21%