Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Zigs Industries had the following operating results for 2015: sales = $27136; cost of goods sold = $17183; depreciation expense = $4641; interest expense

1. Zigs Industries had the following operating results for 2015: sales = $27136; cost of goods sold = $17183; depreciation expense = $4641; interest expense = $2307; dividends paid = $1657. At the beginning of the year, net fixed assets were $18751, current assets were $5527, and current liabilities were $3085. At the end of the year, net fixed assets were $20085, current assets were $7521, and current liabilities were $3709. The tax rate for 2015 was 35 percent. What is operating cash flow (OCF) for 2015?

2. In 2015, Zigs Industries had net income of $785, operating cash flow of $7739, and depreciation of 4301. At the beginning of the year, net fixed assets were $16770, current assets were $5906, and current liabilities were $3962. At the end of the year, net fixed assets were $20302, current assets were $7926, and current liabilities were $3693. The tax rate for 2015 was 31 percent. What is the cash flow from assets for 2015?

3. Zigs Industries had the following operating results for 2015: sales = $26183; cost of goods sold = $16153; depreciation expense = $4913; interest expense = $2465; dividends paid = $1899. At the beginning of the year, net fixed assets were $17581, current assets were $5367, and current liabilities were $3941. At the end of the year, net fixed assets were $20981, current assets were $7870, and current liabilities were $3054. The tax rate for 2015 was 33 percent. If no new debt was issued during the year, what is the cash flow to creditors?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Wealth In Cbdcs Cryptocurrency The Futures And Stock Markets

Authors: Leroy A. Brown

1st Edition

1777228786, 978-1777228781

More Books

Students also viewed these Finance questions