Homework: Homework Set 4 Question 2, P4-6 (simila... Part 1 of 4 HV O 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 $ (Round to the nearest dollar.) Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,540 $1,030 Marketable securities 1,770 1,220 Accounts receivable 1,960 1,850 Inventories 2,940 2,760 Total current assets $8,210 $6,860 Gross fixed assets $29,520 $28,070 Less: Accumulated depreciation 14,740 13,110 Net fixed assets $14,780 $14,960 Total assets $22,990 $21,820 Liabilities and Stockholders' Equity Accounts payable $1,620 $1,540 Notes payable 2,810 2,150 Accruals 180 330 Total current liabilities $4,610 $4,020 Long-term debt $4,900 $4,940 Total liabilities $9.510 SA 960 $22,990 $21,820 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 $1,620 2,810 180 $4,610 $4,900 $9,510 $10,040 3,440 $13,480 $22,990 $1,540 2,150 330 $4,020 $4,940 $8,960 $10,040 2,820 $12,860 $21,820 (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,630 2,690 369 1,834 21%