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  3. zigs industries had the following operating result

Zigs Industries had the following operating results for 2015: sales = $29080; cost of goods...

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Accounting

Zigs Industries had the following operating results for 2015: sales = $29080; cost of goods sold = $18227; depreciation expense = $4580; interest expense = $2110; dividends paid = $1970. At the beginning of the year, net fixed assets were $18544, current assets were $5822, and current liabilities were $3201. At the end of the year, net fixed assets were $20255, current assets were $7186, and current liabilities were $3948. The tax rate for 2015 was 34 percent. If no new debt was issued during the year, what is the cash flow to creditors?

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