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Zags Industries had the following operating results for 2015: sales = $25013; cost of goods sold = $16935; depreciation expense = $4264; interest expense =
Zags Industries had the following operating results for 2015: sales = $25013; cost of goods sold = $16935; depreciation expense = $4264; interest expense = $2085; dividends paid = $1514. At the beginning of the year, net fixed assets were $19460, current assets were $5384, and current liabilities were $3500. At the end of the year, net fixed assets were $20737, current assets were $7913, and current liabilities were $3864. The tax rate for 2015=33 percent.
What is net income for 2015
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