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Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow a. Calculate

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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.) Data table (Click on the icon here spreadsheet.) in order to copy the contents of the data table below into a Keith Corporation Balance Sheets December 31 Assets Cash Marketable securities 2019 2018 $1,540 $1,010 1,790 1,250 Accounts receivable Inventories 2,010 1,760 2,860 2,790 Total current assets $8,200 $6,810 Gross fixed assets $29,550 $28,150 Less: Accumulated depreciation 14,670 13,140 Net fixed assets $14,880 $15,010 Total assets $23,080 $21,820 Liabilities and Stockholders' Equity Accounts payable $1,560 $1,470 Notes payable 2,780 2,220 Accruals 190 340 Total current liabilities $4,530 $4,030 Long-term debt Total liabilities $5,210 $4,990 $9,740 $9,020 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $9,990 $9,990 3,350 2,810 $13,340 $12,800 $23,080 $21,820 (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,530 2,670 371 1,816 21% - X

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