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Zigs Industries had the following operating results for 2011: sales = $77,360; cost of goods sold = $69,260; depreciation expense = $3,860; interest expense =
Zigs Industries had the following operating results for 2011: sales = $77,360; cost of goods sold = $69,260; depreciation expense = $3,860; interest expense = $2,190; dividends paid = $1,560. At the beginning of the year, net fixed assets were $66,380, current assets were $5,760, and current liabilities were $3,240. At the end of the year, net fixed assets were $70,160, current assets were $9,116, and current liabilities were $3,780. The tax rate for 2011 was 34 percent. What is net income for 2011? What is the Operating Cash Flow
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