Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow - - X 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). Data table (Click on the icon located on the top-right corner of the data tables below in order to copy its contents into a spreadsheet.) a. The net operating profit after taxes is $. (Round to the nearest dollar.) ( Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,450 $980 Marketable securities 1,800 1,200 Accounts receivable 2.050 1,840 Inventories 2.860 2,790 Total current assets $8,160 $6,810 Gross fixed assets $29,470 $28,140 Less: Accumulated depreciation 14.680 13,080 Net fixed assets $14,790 $15,060 Total assets $22,950 $21,870 Liabilities and Stockholders' Equity Accounts payable $1.580 $1,450 Notes payable 2,790 2,190 Accruals 170 350 Total current liabilities $4,540 $3,990 Long-term debt $5,030 $5,040 Total liabilities $9,570 $9,030 Common stock $10,010 $10,010 Retained earnings 3,370 2,830 Total stockholders' equity $13,380 $12,840 Total liabilities and stockholders' equity $22,950 $21,870 Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,600 2,700 374 1,838 21% Print Done