Calculating Cash Flows[LO2] Zigs Industries had the following operating results for 2011:

Sales $27,360

Cost of Goods Sold $19,260

Depreciation Expense $4,860

Interest expense $2,190

Dividends paid $1,560.

At the beginning of the year Net Fixed Assets were $16,380, Current Assets were $5,760 and Current Liabilities were $3,240

At the end of the year, Net Fixed Assets were $20,160, Current Assets were $7,116 and current liabilities were $3,780.

The Tax Rate for 2011 was 34%

a. What is Net Income for 2011?

b. What is the Operating Cash flow for 2011?

c. What is the Cash Flow from assets for 2011?is this possible? Explain.

d. if no new debt was issued during the year, what is the cash flow to creditors? What is the Cash Flow to Stockholders? Explain and interpret the positive and negative signs of the answers in(a) through (d).