Answered step by step
Verified Expert Solution
Question
1 Approved Answer
P4-6 (similar to) Question Help Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation
P4-6 (similar to) Question Help 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) Enter your answer in the answer box and then click Check Answer 3 parts remaining Clear All Check Answer P4-6 (similar to) X Data Table Question Help Finding operating and tre In that follow a. Calculate the firm's nel b. Calculate the firm's opel c. Calculate the firm's free d. Interpret compare and a. The net operating profit (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Keith Corporation Balance Sheets December 31 Assets 2018 2018 Cash $1,470 $1.050 Marketable securities 1.840 1,190 Accounts receivable 2030 1,780 Inventories 2.880 2.800 Total current assets $8.220 $6,820 Gross fixed assets 529,550 528.130 Less: Accumulated depreciation 14.680 13.110 Net fixed assets $14870 $15.020 Total assets S23.090 521,840 Liabilities and Stockholders' Equity Accounts payable $1,560 $1,460 Notes payable 2.800 2,200 Accruals 200 250 Total current liabilities $4.560 $3.910 Long-term debt $5,120 55,090 Total liabilities $9.680 $9,000 Enter your answer in the Print Done 3 parts remaining Clear Al Check Answer P4-6 (similar to) Data Table Question Help X Finding operating and tre that follow a. Calculate the firm's nel b. Calculate the firm's opel c. Calculate the firm's free d. Interpret compare and a. The net operating profit TUSSES 14 13 UU Total assets $23.090 $21.840 Liabilities and Stockholders' Equity Accounts payable $1,560 $1,460 Notes payable 2.800 2,200 Accruals 200 250 Total current liabilities $4.560 $3.910 Long-term debt $5,120 $5,090 Total liabilities $9.680 $9,000 Common stock $10.000 $10,000 Retained earnings 3410 2,840 Total stockholders' equity $13.410 $12.840 Total labilities and stockholders' equity $23 090 $21,840 (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 $1,570 Earnings before interest and taxes (EBIT) 2,650 Interest expense 367 Net profits after taxes 1,804 Tax rate 21% Enter your answer in the Print Done 3 parts remaining Clear Al Check
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started