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28 Sep 2019
Zigs Industries had the following operating results for 2011: sales = $30,780; cost of goods sold = $20,110; depreciation expense = $5,540; interest expense = $2,940; dividends paid = $1,800. At the beginning of the year, net fixed assets were $17,390, current assets were $5,930, and current liabilities were $3,500. At the end of the year, net fixed assets were $21,010, current assets were $7,390, and current liabilities were $4,060. 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 $
Zigs Industries had the following operating results for 2011: sales = $30,780; cost of goods sold = $20,110; depreciation expense = $5,540; interest expense = $2,940; dividends paid = $1,800. At the beginning of the year, net fixed assets were $17,390, current assets were $5,930, and current liabilities were $3,500. At the end of the year, net fixed assets were $21,010, current assets were $7,390, and current liabilities were $4,060. 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 | $ |
Trinidad TremblayLv2
28 Sep 2019