Assets Cash Marketable securities Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation...

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Assets Cash Marketable securities Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Keith Corporation Balance Sheets Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Income Statement Data (2015) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate Print Done December 31 2015 $1,470 1,830 1,990 2,880 $8,170 $29,450 14,660 $14,790 $22,960 $1,590 2,800 160 $4,550 $4,920 $9.470 $10,040 3,450 $13,490 $22,960 2014 - X $1,050 1,220 1,810 2,850 $6,930 $28,070 13,080 $14,990 $21,920 $1,550 2,250 320 $4,120 $4,910 $9,030 $10,040 2,850 $12,890 $21,920 $1,580 2,660 366 1,376 40% inding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow Calculate the firm's net operating profit after faxes (NOPAT) for the year ended December 31, 2015 Calculate the firm's operating cash flow (OCF) for the year ended December 31, 2015. Calculate the fem's three cash flow (FCF) for the year ended December 31, 2015 Interpret compare and contrast your cash flow estimate in parts (b) and (c) The net operating profit after taxes is $1596. (Round to the nearest dollar) The operating cash flow (OCF) is $3176 (Round to the nearest dollar) The firm's free cash flow (FCF) is $ (Round to the nearest dollar) Interpret compare and contrast your cash flow estimate in parts (b) and (c) (Select all that apply) A. The OCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus investment in fixed and current assets. B. Depreciation is approximately the same size as net operating profit after tax, so the operating cash flow is about twice the NOPAT C. Keith Corporation has positive cash flows from operating activities D. The FCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus investment in fixed and current assets. E. Keith Corporation has negative cash flows from operating activities. Assets Cash Marketable securities Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Keith Corporation Balance Sheets Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Income Statement Data (2015) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate Print Done December 31 2015 $1,470 1,830 1,990 2,880 $8,170 $29,450 14,660 $14,790 $22,960 $1,590 2,800 160 $4,550 $4,920 $9.470 $10,040 3,450 $13,490 $22,960 2014 - X $1,050 1,220 1,810 2,850 $6,930 $28,070 13,080 $14,990 $21,920 $1,550 2,250 320 $4,120 $4,910 $9,030 $10,040 2,850 $12,890 $21,920 $1,580 2,660 366 1,376 40% inding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow Calculate the firm's net operating profit after faxes (NOPAT) for the year ended December 31, 2015 Calculate the firm's operating cash flow (OCF) for the year ended December 31, 2015. Calculate the fem's three cash flow (FCF) for the year ended December 31, 2015 Interpret compare and contrast your cash flow estimate in parts (b) and (c) The net operating profit after taxes is $1596. (Round to the nearest dollar) The operating cash flow (OCF) is $3176 (Round to the nearest dollar) The firm's free cash flow (FCF) is $ (Round to the nearest dollar) Interpret compare and contrast your cash flow estimate in parts (b) and (c) (Select all that apply) A. The OCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus investment in fixed and current assets. B. Depreciation is approximately the same size as net operating profit after tax, so the operating cash flow is about twice the NOPAT C. Keith Corporation has positive cash flows from operating activities D. The FCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus investment in fixed and current assets. E. Keith Corporation has negative cash flows from operating activities.

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