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For the next fiscal year, you forecast net income of $67,500 and ending assets of $889,500. Your firm's payout ratio is 12%. Your beginning stockholders'
For the next fiscal year, you forecast net income of $67,500 and ending assets of $889,500. Your firm's payout ratio is 12%. Your beginning stockholders' equity is $396,400, and your beginning total liabilities are $320,400. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $45,500. What will be your net new financing needed for next year?
options:
- $55,281
- $67,800
- $80,923
- $91,456
- $75,102
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