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 $ 1. (Round to the nearest dollar.) Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,520 $990 Marketable securities 1,830 1,150 Accounts receivable 2,050 1,820 Inventories 2,940 2,820 Total current assets $8,340 $6,780 Gross fixed assets $29,480 $28,070 Less: Accumulated depreciation 14,710 13,130 Net fixed assets $14,770 $14,940 Total assets $23,110 $21,720 Liabilities and Stockholders' Equity Accounts payable $1,600 $1,460 Notes payable 2,770 2,180 Accruals 230 250 Total current liabilities $4,600 $3,890 Long-term debt $5,150 $5,040 Total liabilities $9,750 $8,930 Common stock $9,990 $9,990 Retained earnings 3,370 2,800 Total stockholders' equity $13,360 $12,790 Total liabilities and stockholders' equity $23,110 $21,720 Click on the icon here in order to copy the contents of the data table below into a preadsheet.) Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,580 2,720 370 1,857 21%