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. Data Table 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 5 (Round to the nearest dollar) (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) b. The operating cash flow (OCF) is 5 (Round to the nearest dollar) Keith Corporation Balance Sheets c. The firm's free cash flow (FCF) is $(Round to the nearest dollar.) December 31 Assets 2019 2018 d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). (Select all that apply) Cash $1.510 $1,050 Marketable securities 1.850 1210 A. The OCF value is very meaningful because it shows that the cash flows from operations are adequate to Accounts receivable 2.050 1,740 Inventories 2910 2,800 B. Keith Corporation has negative cash flows from operating activities Total current assets $8.320 $6.800 C. The FCF value is very meaningful because it shows that the cash flows from operations are adequate to co Gross fixed assets $29.520 $28.080 D. Depreciation is approximately the same size as net operating profit after tax, so the operating cash flow is Less: Accumulated depreciation 14.730 13,100 Net fixed assets $14.790 $14.980 E. Keith Corporation has positive cash flows from operating activities Total assets $23.110 $21,780 Liabilities and Stockholders' Equity Accounts payable $1.590 $1530 Notes payable 2.780 2. 160 Accruals 210 280 Total current liabilities $4580 $3.970 Long-term debt 55 200 $5.040 Total liabilities $9.780 $9.010 Common stock 59 960 59 960 Retained earnings 3.370 2.810 Total stockholders' equity $13330 $12,770 Total liabilities and stockholders' equity $23.110 $21.780 Click to select your answers) (Click on the icon here in order to coow the contents of the datatable below into a 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. Data Table 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 5 (Round to the nearest dollar) (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) b. The operating cash flow (OCF) is 5 (Round to the nearest dollar) Keith Corporation Balance Sheets c. The firm's free cash flow (FCF) is $(Round to the nearest dollar.) December 31 Assets 2019 2018 d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). (Select all that apply) Cash $1.510 $1,050 Marketable securities 1.850 1210 A. The OCF value is very meaningful because it shows that the cash flows from operations are adequate to Accounts receivable 2.050 1,740 Inventories 2910 2,800 B. Keith Corporation has negative cash flows from operating activities Total current assets $8.320 $6.800 C. The FCF value is very meaningful because it shows that the cash flows from operations are adequate to co Gross fixed assets $29.520 $28.080 D. Depreciation is approximately the same size as net operating profit after tax, so the operating cash flow is Less: Accumulated depreciation 14.730 13,100 Net fixed assets $14.790 $14.980 E. Keith Corporation has positive cash flows from operating activities Total assets $23.110 $21,780 Liabilities and Stockholders' Equity Accounts payable $1.590 $1530 Notes payable 2.780 2. 160 Accruals 210 280 Total current liabilities $4580 $3.970 Long-term debt 55 200 $5.040 Total liabilities $9.780 $9.010 Common stock 59 960 59 960 Retained earnings 3.370 2.810 Total stockholders' equity $13330 $12,770 Total liabilities and stockholders' equity $23.110 $21.780 Click to select your answers) (Click on the icon here in order to coow the contents of the datatable below into a