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Zigs Industries had the following operating results for 2015: sales = $26183; cost of goods sold = $16153; depreciation expense = $4913; interest expense =
Zigs Industries had the following operating results for 2015: sales = $26183; cost of goods sold = $16153; depreciation expense = $4913; interest expense = $2465; dividends paid = $1899. At the beginning of the year, net fixed assets were $17581, current assets were $5367, and current liabilities were $3941. At the end of the year, net fixed assets were $20981, current assets were $7870, and current liabilities were $3054. The tax rate for 2015 was 33 percent. If no new debt was issued during the year, what is the cash flow to creditors?
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