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.) (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 2019 2018 Cash $1,550 $960 Marketable securities 1,800 1,180 Accounts receivable 2,010 1,850 Inventories 2,870 2,770 Total current assets $8,230 $6,760 Gross fixed assets $29,500 $28,060 Less: Accumulated depreciation 14,660 13,060 Net fixed assets $14,840 $15,000 Total assets $23,070 $21,760 Liabilities and Stockholders' Equity Accounts payable $1,630 $1,500 Notes payable 2,790 2,150 Accruals 170 290 Total current liabilities $4,590 $3,940 Long-term debt $5,040 $5,060 Total liabilities $9,630 $9,000 Common stock $10,000 $10,000 Retained earnings 3,440 2,760 Total stockholders' equity $13,440 $12,760 Total liabilities and stockholders' equity $23,070 $21,760 Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,600 2,670 368 1,819 21%