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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

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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 $ 2117(Round to the nearest dollar.) (Round to the nearest dollar.) b. The operating cash flow (OCF) is $ - X 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 2019 Assets 2018 $1,520 Cash $1,000 Marketable securities 1,800 1,190 Accounts receivable 1,950 1,830 Inventories 2,870 2,760 $8,140 $6,780 Total current assets Gross fixed assets $29,500 $28,130 Less: Accumulated depreciation 14,660 13,070 Net fixed assets $14,840 $15,060 Total assets $22,980 $21,840 Liabilities and Stockholders' Equity Accounts payable Notes payable $1,600 $1,520 2,250 2,800 Accruals 240 290 Total current liabilities $4,640 $4,060 Long-term debt Total liabilities Common stock Retained earnings $4,950 $4,940 $9,010 $9,580 $10,010 $10,010 3,390 2,820 $13,400 $12,830 Total stockholders' equity Total liabilities and stockholders' equity $21,840 $22,980 Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) $1,590 2,680 Interest expense 374 Net profits after taxes 1,822 Tax rate 21%

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