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.) Data table 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 Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Keith Corporation Balance Sheets 2019 December 31 $1,480 1,760 2,040 2,940 $8,220 $29,530 14,720 $14,810 $23,030 $1,600 2,840 250 $4,690 $4,960 $9,650 $9,960 3,420 $13,380 $23,030 2018 $950 1,160 1,780 2,840 $6,730 $28,090 13,120 $14,970 $21,700 $1,500 2,250 290 $4,040 $4,860 $8,900 $9,960 2,840 $12,800 $21,700 I Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,600 2,680 370 1,825 21%