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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 operating cash flow (OCF) for 2015?

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less: Costs less: Depreciation EBIT less: Interest less: tax Net income $25,638.00 $16,799.00 $4,082.00 $4,757.00 $2,042.00 $895.95 $1,819.05 Operating cash flow = EBIT + Depreciation-Taxes -$7,943 [4757+4082-895.95]

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