Question
Zigs Industries had the following operating results for 2011: sales = $30,660; cost of goods sold = $20,260; depreciation expense = $5,660; interest expense =
Zigs Industries had the following operating results for 2011: sales = $30,660; cost of goods sold = $20,260; depreciation expense = $5,660; interest expense = $3,090; dividends paid = $1,950. At the beginning of the year, net fixed assets were $17,480, current assets were $5,960, and current liabilities were $3,575. At the end of the year, net fixed assets were $21,160, current assets were $7,180, and current liabilities were $4,100. The tax rate for 2011 was 30 percent.
a.What is net income for 2011?
Net income$
b.What is the operating cash flow for 2011?
Operating cash flow$
c.What is the capital spending for 2011?
Capital spending$
d.What is the change in net working capital for 2011?
Change in net working capital$
e.What is the cash flow from assets for 2011? (Negative amount should be indicated by a minus sign.)
Cash flow from assets$
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