TUTORIAL LETTER 1 (ASSIGNMENT 1) - 2020 FIRST SEMESTER FINANCIAL MANAGEMENT IN 2.2. TMA400 The following are the statements of financial position and extracts from the statement comprehensive income provided by Keith Corporation: Keith Corporation Statements of Financial Position as at 31 December 2017 and 2018 ASSETS 2018 2017 Non-current assets R'000 R'000 Gross non-current assets 29 500 28 100 Accumulated depreciation 14 700 13 100 Net non-current assets 14 800 15 000 Current assets Inventories 2 900 2 800 Cash and cash equivalents 3 300 2 200 Trade receivables 2 000 1 800 Total current assets 8 200 6 800 Total assets 23 000 21 800 EQUITY AND LIABILITIES Share capital Retained earnings Total equity Non-current liabilities 10 000 3400 10 000 2 800 13 400 12 800 Long-term loan 5 000 5 000 Current liabilities 1 500 Trade and other payables Short-term borrowings Accruals 1 600 2 800 200 Total current liabilities 4 600 2 200 300 4 000 9000 21 800 Total liabilities 9 600 Total equity and liabilities 23 000 Extracts: Statement of Comprehensive Income for the period 2018 Depreciation expense Earnings before interest and taxes 667) Finance cost Net profit after taxes para HPAT 1 600 000 2 700 000 367 000 1 400 000 TUTORIAL LETTER 1 (ASSIGNMENT 1) - 2020 FIRST SEMESTER FMA400 FINANCIAL MANAGEMENT I Additional information: Tax rate - 30% Required: Show all calculations and round answers off to the closest whole number 2.2.1. Calculate th Calculate the company's net operating profit after taxes (NOPAT) for the year ending 31 December 2018, (3) 2.2.2. Calculate the company's operating cash flow (OCF) for the year ending 31 December 2018. 2.2.3. Calculate the company's free cash flow (FCF) for the year ending 31 December 2018. (3) (6) estion 3f2u