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 set operating profin 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 onded December 31, 2019 d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c) a. The net operating prot after taxes is 8). (Round to the nearest dotat) b. The operating cash flow (OCF) is (Round to the nearest dollar) c. The firm's free cash flow (FCF) is (Round to the nearest dollar) d. Interpret compare and contrast your cash flow estimate in parts (b) and (c) (Select all that apply A Depreciation is approximately the same size as net operating profit after tax, so the operating cash flow is about twice the NOPAT B. The FCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus investment influed and current asset C. Keith Corporation has positive cash flows from oporating activities D. The OCF value is very meaningful because it shows that the cash flows from operations aro adequate to cover both operating expense plus investment in fied and current assets ME Keith Corporation has negative cash flows from operating activities Time Remaining:01 25 24 V ng (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 $1,510 $1,030 Marketable securities 1,830 1,170 Accounts receivable 1,950 1.770 Inventories 2.890 2.850 Total current assets $8,180 $6,820 Gross fixed assets $29,540 $28,130 Less: Accumulated depreciation 14,670 13.080 Net fixed assets $14,870 $15,050 Total assets $23,050 $21,870 Liabilities and Stockholders' Equity Accounts payable $1,560 $1,510 Notes payable 2,770 2,170 18 an Accruals and w S d and current assets aus WS d and current assets aug OWE flows Consid Data table profit after ta sh flow (OCF) w (FCF) for the your cash flow ces is $ (RO is $ (Round Net fixed assets $14,870 $15,050 Total assets $23,050 $21,870 Liabilities and Stockholders' Equity Accounts payable $1,560 $1,510 Notes payable 2.770 2,170 Accruals 180 340 Total current liabilities $4,510 $4,020 Long-term debt $5,080 $4,970 Total liabilities $9,590 $8.990 Common stock $10,040 $10,040 Retained earnings 3,420 2,840 Total stockholders' equity $13.460 $12,880 Total liabilities and stockholders' equity $23,050 $21,870 (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Income Statement Data (2019) $1,590 Depreciation expense is S (Round your cash flow d and current assets tely the same si -aningful becaus sitive cash flows eaningful becaus Id and current assets. che SL (RO J. (Round (Round ur cash flow Total stockholders' equity $13,460 $12,880 Total liabilities and stockholders' equity $23,050 $21,870 (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 $1,590 Earnings before interest and taxes (EBIT) 2,710 371 Interest expense Net profits after taxes 1,848 21% Tax rate Id and current assets the same si bgful becaus cash flows ingful becaus ve cash flows Id and current assets Print Done Time Remaining: ha