HomeworkLib
Question

Zigs Industries had the following operating results for 2015: sales = $29745; cost of goods sold...

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?

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Cash flow to creditors =Interest - Net new LTD

Particulars Amount in $
Interest 2081
Net new LTD 0
Cash flow to creditors (2081-0) 2081

IN CASE OF ANY DOUBTS OR CORRECTIONS FEEL FREE TO COMMENT BELOW.PLEASE RATE MY ANSWER BY HITTING ?? . THANK YOU

0 0
Add a comment
Know the answer?
Add Answer to:
Zigs Industries had the following operating results for 2015: sales = $29745; cost of goods sold...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Zigs Industries had the following operating results for 2015: sales = $25520; cost of goods sold...

    Zigs Industries had the following operating results for 2015: sales = $25520; cost of goods sold = $15379; depreciation expense = $4147; interest expense = $2210; dividends paid = $1500. At the beginning of the year, net fixed assets were $17323, current assets were $5885, and current liabilities were $3577. At the end of the year, net fixed assets were $20763, current assets were $7202, and current liabilities were $3501. The tax rate for 2015 was 32 percent. What is...

  • Zigs Industries had the following operating results for 2015: sales = $25638; cost of goods sold...

    Zigs Industries had the following operating results for 2015: sales = $25638; cost of goods sold = $16799; depreciation expense = $4082; interest expense = $2042; dividends paid = $1581. At the beginning of the year, net fixed assets were $19136, current assets were $5395, and current liabilities were $3497. At the end of the year, net fixed assets were $20159, current assets were $7182, and current liabilities were $3648. The tax rate for 2015 was 33 percent. What is...

  • Zigs Industries had the following operating results for 2015: sales = $28312; cost of goods sold...

    Zigs Industries had the following operating results for 2015: sales = $28312; cost of goods sold = $17572; depreciation expense = $4574; interest expense = $2352; dividends paid = $1752. At the beginning of the year, net fixed assets were $19629, current assets were $5237, and current liabilities were $3824. At the end of the year, net fixed assets were $20667, current assets were $7483, and current liabilities were $3572. The tax rate for 2015 was 35 percent. What is...

  • Zigs Industries had the following operating results for 2015: sales = $27771; cost of goods sold...

    Zigs Industries had the following operating results for 2015: sales = $27771; cost of goods sold = $16963; depreciation expense = $4324; interest expense = $2068; dividends paid = $1788. At the beginning of the year, net fixed assets were $15810, current assets were $5248, and current liabilities were $3969. At the end of the year, net fixed assets were $20724, current assets were $7634, and current liabilities were $3580. The tax rate for 2015 was 34 percent. What is...

  • Cusic Industries had the following operating results for 2015: sales = $30,180; cost of goods sold...

    Cusic Industries had the following operating results for 2015: sales = $30,180; cost of goods sold = $19,860; depreciation expense = $5,340; interest expense = $2,790; dividends paid = $1,550. At the beginning of the year, net fixed assets were $17,210, current assets were $5,880, and current liabilities were $3,375. At the end of the year, net fixed assets were $20,760, current assets were $7,600, and current liabilities were $4,000. The tax rate for 2015 was 30 percent. What was...

  • Quarles Industries had the following operating results for 2015: sales = $28,860; cost of goods sold...

    Quarles Industries had the following operating results for 2015: sales = $28,860; cost of goods sold = $19,510; depreciation expense = $5,060; interest expense = $2,340; dividends paid = $1,200. At the beginning of the year, net fixed assets were $17,130, current assets were $5,810, and current liabilities were $3,320. At the end of the year, net fixed assets were $20,410, current assets were $7,360, and current liabilities were $3,930. The tax rate for 2015 was 34 percent.    a....

  • Cusic Industries had the following operating results for 2015: sales $29,500; cost of goods sold $19,760;...

    Cusic Industries had the following operating results for 2015: sales $29,500; cost of goods sold $19,760; depreciation expense = $5,260; interest expense = $2,640, dividends paid-$1,450. At the beginning of the year, net fixed assets were $17,080, current assets were $5,860, and current liabilities were $3,325. At the end of the year, net fixed assets were $20,660, current assets were $7,300, and current liabilities were $3,980. The tax rate for 2015 was 35 percent. a. What was net income for...

  • Quarles Industries had the following operating results for 2015: sales = $30,660; cost of goods sold...

    Quarles Industries had the following operating results for 2015: sales = $30,660; cost of goods sold = $20,260; depreciation expense = $5,660; interest expense = $3,090; dividends paid = $1,950. At the beginning of the year, net fixed assets were $17,480, current assets were $5,960, and current liabilities were $3,575. At the end of the year, net fixed assets were $21,160, current assets were $7,180, and current liabilities were $4,100. The tax rate for 2015 was 30 percent.    a....

  • Cardinal Industries had the following operating results for 2018: Sales = $34,116; Cost of goods sold...

    Cardinal Industries had the following operating results for 2018: Sales = $34,116; Cost of goods sold = $24,114; Depreciation expense = $5,977; Interest expense = $2,700; Dividends paid = $1,978. At the beginning of the year, net fixed assets were $19,920, current assets were $7,040, and current liabilities were $3,980. At the end of the year, net fixed assets were $24,484, current assets were $8,672, and current liabilities were $4,655. The tax rate for 2018 was 25 percent. a. What...

  • Cardinal Industries had the following operating results for 2018: Sales = $34,015; Cost of goods sold...

    Cardinal Industries had the following operating results for 2018: Sales = $34,015; Cost of goods sold = $24,065; Depreciation expense = $5,967; Interest expense = $2,695; Dividends paid = $1,969. At the beginning of the year, net fixed assets were $19,910, current assets were $7,033, and current liabilities were $3,974. At the end of the year, net fixed assets were $24,475, current assets were $8,666, and current liabilities were $4,646. The tax rate for 2018 was 24 percent.    a....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT