Award: 10.00 points Problem 2-21 Calculating Cash Flows (Revised] Zigs Industries had the following operating...
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Award: 10.00 points Problem 2-21 Calculating Cash Flows (Revised] Zigs Industries had the following operating results for 2011: sales = $28,000; cost of goods sold = $19,660; depreciation expense = $5,180: Interest expense = $2,490, dividends paid = $1,350. At the beginning of the year, net fixed assets were $17,180, current assets were $5,840, and current liabilities were $3,360. At the end of the year, net fixed assets were $20,560, current assets were $7,000, and current liabilities were $3,960. 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 References Worksheet Difficulty: Intermediate Im lodoa 15PrintView&wid=13252717869178279&role=student&pid=36847820_5230
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