Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
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 tree cash flow (FCF) for the year ended December 31, 2019 d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c) SE a. The net operating profit after taxes is $ 2157 (Round to the nearest dollar) b. The operating cash flow (OCF) is $(Round to the nearest dollar) Data Table - 2 Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,480 $970 Marketable securities 1,780 1,200 Accounts receivable 2,000 1,740 Inventories 2,900 2,780 Total current assets $8,160 $6,690 Gross fixed assets $29,510 $28,130 Less: Accumulated depreciation 14,660 13,050 Net fixed assets $14,850 $15,080 Total assets $23,010 $21,770 Liabilities and Stockholders' Equity Accounts payable $1,650 $1,520 Notes payable 2.810 2,210 Accruals 230 270 Total current liabilities $4,690 $4,000 Long-term debt $4,850 $4.910 Question 4, P4-6 (similar ... HW Score: 11.11%. 4 of 36 points Data Table - X wwwpwy w Vroery re Notes payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2,810 230 $4,690 $4,850 $9,540 $10,050 3,420 $13,470 $23,010 2,210 270 $4,000 $4,910 $8,910 $10,050 2,810 $12,860 $21,770 (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 $1,610 Earnings before interest and taxes (EBIT) 2,730 Interest expense 369 Net profits after taxes 1.865 Tax rate 21% ID

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sitting Pretty On A Fixed Income Personal Finance Secrets For Seniors

Authors: FC&A Medical Publishing

1st Edition

1935574582, 9781935574583

More Books

Students also viewed these Finance questions

Question

\f

Answered: 1 week ago