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For the next fiscal year, you forecast net income of $51,100 and ending assets of $502,800. Your firm's payout ratio is 10.5%. Your beginning
For the next fiscal year, you forecast net income of $51,100 and ending assets of $502,800. Your firm's payout ratio is 10.5%. Your beginning stockholders' equity is $295,200, and your beginning total liabilities are $121,000. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $10,400. What will be your net new financing needed for next year? The net financing required will be $(Round to the nearest dollar.)
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