Question: help with A b c and D Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of



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.) Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,460 $960 Marketable securities 1,820 1,230 Accounts receivable 1,980 1,750 Inventories 2,930 2,850 Total current assets $8,190 $6,790 Gross fixed assets $29,530 $28,080 Less: Accumulated depreciation 14,690 13,050 Net fixed assets $14,840 $15,030 Total assets $23,030 $21,820 $23,030 $21,820 $1,600 2,820 $1,520 2,200 240 350 Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $4,660 $4,910 $9,570 $10,020 3,440 $13,460 $23,030 $4,070 $4,940 $9,010 $10,020 2,790 $12,810 $21,820 Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) $1,640 2,700 Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate 1 $1,640 2,700 375 1,837 21%
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