Zigs Industries had the following operating results for 2015: sales = $29745; cost of goods...
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Zigs Industries had the following operating results for 2015: sales = $29745; cost of goods sold = $17629; depreciation expense = $4275; interest expense = $2081; dividends paid = $1735. At the beginning of the year, net fixed assets were $19404, current assets were $5772, and current liabilities were $3939. At the end of the year, net fixed assets were $20104, current assets were $7619, and current liabilities were $3521. The tax rate for 2015 was 32 percent. If no new debt was issued during the year, what is the cash flow to creditors?
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