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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
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). \begin{tabular}{|l|r|} \hline & \\ \hline Depreciation expense & $1,600 \\ \hline Earnings before interest and taxes (EBIT) & 2730 \\ \hline Interest expense & 366 \\ \hline Net profits after taxes & 1868 \\ \hline Tax rate & 21% \\ \hline \end{tabular}
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