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(19) Daisy's Donuts (DD) forecasts $200,000 in net income next fiscal year and ending total assets for $600,000. DD pays 60% of its net income

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(19) Daisy's Donuts (DD) forecasts $200,000 in net income next fiscal year and ending total assets for $600,000. DD pays 60% of its net income out in dividends. DD's current shareholder equity $240,000 and current liabilities are $100,000. Current liabilities are forecast to increase by $20,000 and debt (long-term) is expected to remain constant. What is DD's net new financing needed next year? (19) Daisy's Donuts (DD) forecasts $200,000 in net income next fiscal year and ending total assets for $600,000. DD pays 60% of its net income out in dividends. DD's current shareholder equity $240,000 and current liabilities are $100,000. Current liabilities are forecast to increase by $20,000 and debt (long-term) is expected to remain constant. What is DD's net new financing needed next year

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