Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follows: i 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). (Click on the icon here spreadsheet.) in order to copy the contents of the data table below into a a. The net operating profit after taxes is $2101.4. (Round to the nearest dollar.) $990 b. The operating cash flow (OCF) is $37214. (Round to the nearest dollar.) c. The firm's free cash flow (FCF) is $ - 7788.6. (Round to the nearest dollar.) d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). (Select all that apply.) O O A. Depreciation is approximately the same size as net operating profit after tax, so the operating cash flow is about twice the NOPAT. B. Keith Corporation has negative cash flows from operating activities. C. The OCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus investment in fixed and current assets. D. Keith Corporation has positive cash flows from operating activities. E. The FCF value is very meaningful because it shows that the cash flows from operations are adequate to cover both operating expense plus investment in fixed and current assets. Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,460 Marketable securities 1,840 1,210 Accounts receivable 1,980 1,740 Inventories 2,930 2,850 Total current assets $8,210 $6,790 Gross fixed assets $29,510 $28,070 Less: Accumulated depreciation 14,690 13,070 Net fixed assets $14,820 $15,000 Total assets $23,030 $21,790 Liabilities and Stockholders' Equity Accounts payable $1,610 $1,480 Notes payable 2,770 2,200 Accruals 250 340 Total current liabilities $4,630 $4,020 Long-term debt $5,010 $4,980 Total liabilities $9,640 $9,000 Common stock $9,960 $9,960 Retained earnings 3,430 2,830 Total stockholders' equity $13,390 $12,790 Total liabilities and stockholders' equity $23,030 $21,790 O in order to copy the contents of the data table below into a (Click on the icon here spreadsheet.) $1,620 2,660 Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate 369 1,810 21% Print Done Click to select your answer(s)