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Zigs Industries had the following operating results for 2011: sales = $28,560; cost of goods sold = $19,460; depreciation expense = $5,020; interest expense =

Zigs Industries had the following operating results for 2011: sales = $28,560; cost of goods sold = $19,460; depreciation expense = $5,020; interest expense = $2,340; dividends paid = $1,150. At the beginning of the year, net fixed assets were $16,980, current assets were $5,800, and current liabilities were $3,280. At the end of the year, net fixed assets were $20,360, current assets were $7,360, and current liabilities were $3,900. The tax rate for 2011 was 30 percent.

a. What is net income for 2011?

Net income $

b. What is the operating cash flow for 2011?

Operating cash flow $

c. What is the cash flow from assets for 2011? (Negative amount should be indicated by a minus sign.)

Cash flow from assets $

d-1

If no new debt was issued during the year, what is the cash flow to creditors?

Cash flow to creditors $

d-2

If no new debt was issued during the year, what is the cash flow to stockholders? (Negative amount should be indicated by a minus sign.)

Cash flow to stockholders $

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