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Zigs Industries had the following operating results for 2011: sales = $30,060; cost of goods sold = $20,010; depreciation expense = $5,460; interest expense =

Zigs Industries had the following operating results for 2011: sales = $30,060; cost of goods sold = $20,010; depreciation expense = $5,460; interest expense = $2,940; dividends paid = $1,700. At the beginning of the year, net fixed assets were $17,260, current assets were $5,910, and current liabilities were $3,450. At the end of the year, net fixed assets were $20,910, current assets were $7,390, and current liabilities were $4,040. 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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