Question: Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow Data Table a.

 Finding operating and free cash flows Consider the balance sheets and

Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow Data Table 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). Assets 2019 2018 a. The net operating profit after taxes is $. (Round to the nearest dollar.) Cash $1,510 1,840 Marketable securities Accounts receivable 2.020 Inventories 2.880 58,250 $29.520 Total current assets Gross fixed assets Less: Accumulated depreciation Not fixed assets $1,030 1,240 1,800 2,810 $6,880 $28,050 13,000 $14,970 $21,850 14,700 $14,820 $23,070 Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals S1,590 2,830 170 $4,590 S5,050 Total current liabilities Long-term debt $1,480 2,190 340 $4,010 $5,040 $ $9,050 $10,040 2,760 $12,800 $21,850 Total liabilities Common stock 59,640 $10,040 3.390 Retained earnings Total stockholders' equity $13.430 $23,070 Total liabilities and stockholders' equity $1,620 2,740 Income Statement Data (2019) Depreciation expenso Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate 365 1,876 Enter your answer in the answer box and then click Check Answer. 21%

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