Question
8. (19) Daisys Donuts (DD) forecasts $200,000 in net income next fiscal year and ending total assets for $600,000. DD pays 60% of its net
8. (19) Daisys 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. DDs 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 DDs net new financing needed next year?
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
