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In 2015, Zigs Industries had net income of $4,379, operating cash flow of $8,185, and depreciation...

In 2015, Zigs Industries had net income of $4,379, operating cash flow of $8,185, and depreciation of 4,037. At the beginning of the year, net fixed assets were $18,588, current assets were $5,035, and current liabilities were $3,144. At the end of the year, net fixed assets were $20,536, current assets were $7,840, and current liabilities were $3,781. The tax rate for 2015 was 33 percent. What is the cash flow from assets for 2015 (round to nearest dollar)

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Answer #1

Cash flow from Assets(CFFA) = Operating Cash flow - Net CAPITAL spending - Net Change of Working capital

where, Net CAPITAL spending = Ending Fixed Assets + Depreciation - Opening Fixed Assets

= $20,536 + $4,037 - $18,588

= $5985

Net Change of Working capital = Ending Working Capital - Opening Working Capital

= ($7840 - $3781) - ($5035 - $3144)

= $2168

CFFA = $8185 - $5985 - $2168

CFFA = $32

So, the cash flow from assets for 2015 is $32

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