Question
For the next fiscal year, you forecast net income of $49,000 and ending assets of $501,500. Your firm's payout ratio is 9.8%. Your beginning stockholders'
For the next fiscal year, you forecast net income of $49,000 and ending assets of $501,500. Your firm's payout ratio is 9.8%. Your beginning stockholders' equity is $295,400
and your beginning total liabilities are $119,800. Your non-debt liabilities such as accounts payable are forecasted to increase by $9,600. What is your net new financing needed for next year?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
