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, 2015. b. Calculate the firm's oporating cash flow (OCF) for the year ended December 31, 2015 c. Calculate the firm's free cash flow (FCF) for the year ended December 31, 2015. 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) u Keith Corporation Balance Sheets December 31 Assets 2015 2014 Cash $1,470 $1,050 Marketable securities 1,850 1,150 Accounts receivable 2,050 1,840 Inventories 2,870 2,830 Total current assets $8,240 $6,870 Gross fixed assets $29,460 $28,080 Less: Accumulated depreciation 14,680 13,080 Net fixed assets $14.780 $15,000 Total assets $23,020 $21,870 Liabilities and Stockholders' Equity Accounts payable $1,590 $1,460 Notes payable 2,840 2,150 Accruals 210 250 Total current liabilities $4,640 $3,860 Long-term debt $5,020 $5,200 Total liabilities $9,660 $9,060 Common stock $9.990 $9.990 Retained earnings 3,370 2,820 Total stockholders' equity $13.360 $12.810 Data Table $29,460 14,680 $14,789 $23,020 $28,080 13,080 $15,000 $21,870 Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets 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 $1,590 2,840 210 $4,640 $5,020 $9,660 $9,990 3,370 $13,360 $23,020 $1,460 2,150 250 $3,860 $5,200 $9,060 $9,990 2,820 $12,810 $21,870 Income Statement Data (2015) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,600 2,690 375 1,389 40%