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Zigs Industries had the following operating results for 2015: sales = $27441; cost of goods sold = $19495; depreciation expense = $4932; interest expense =
Zigs Industries had the following operating results for 2015: sales = $27441; cost of goods sold = $19495; depreciation expense = $4932; interest expense = $2076; dividends paid = $1643. At the beginning of the year, net fixed assets were $17891, current assets were $5567, and current liabilities were $3102. At the end of the year, net fixed assets were $20011, current assets were $7318, and current liabilities were $3006. The tax rate for 2015 was 30 percent. What is operating cash flow (OCF) for 2015?
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