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.) 2019 2018 $1,520 $1,040 1850 1220 2050 1760 2880 2800 $8,300 $6,820 $29,470 $28,060 14650 13070 $14,820 $14,990 $23,120 $21,810 1 Assets 2 Cash 3 Marketable securities 4 Accounts receivable 5 Inventories 6 Total current assets 7 Gross fixed assets 8 Less: Accumulated depreciation 9 Net fixed assets 10 Total assets 11 Liabilities and Stockholders' Equity 12 Accounts payable 13 Notes payable 14 Accruals 15 Total current liabilities 16 Long-term debt 17 Common stock 18 Retained earnings 19 Total stockholders' equity 20 Total liabilities and stockholders' equity 21 $1,650 $1,510 2800 2190 160 280 $4,610 $3,980 $5,200 $5,030 $9,950 $9,950 3360 2850 $13,310 $12,800 $23,120 $21,810 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.) 2019 2018 $1,520 $1,040 1850 1220 2050 1760 2880 2800 $8,300 $6,820 $29,470 $28,060 14650 13070 $14,820 $14,990 $23,120 $21,810 1 Assets 2 Cash 3 Marketable securities 4 Accounts receivable 5 Inventories 6 Total current assets 7 Gross fixed assets 8 Less: Accumulated depreciation 9 Net fixed assets 10 Total assets 11 Liabilities and Stockholders' Equity 12 Accounts payable 13 Notes payable 14 Accruals 15 Total current liabilities 16 Long-term debt 17 Common stock 18 Retained earnings 19 Total stockholders' equity 20 Total liabilities and stockholders' equity 21 $1,650 $1,510 2800 2190 160 280 $4,610 $3,980 $5,200 $5,030 $9,950 $9,950 3360 2850 $13,310 $12,800 $23,120 $21,810