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). Keith Corporation Balance Sheets December 31 Assets Cash Marketable securitie Accounts Inventories 2019 2018 $1,500 1,840 1,990 2,870 $8,200 $29,480 14,710 $14,770 $22,970 $1,000 1,180 1,850 2,820 $6,850 $28,080 13,110 $14,970 $21,820 eceivable Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals 1,550 2,760 220 $4,530 $5,100 $9,630 S9,980 3,360 $13,340 $22,970 1,550 2,160 280 53,990 $5,090 $9,080 S9,980 2,760 $12,740 $21,820 Total current liabilities Long-term debt otal liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,600 2,690 367 1,835 21%