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For the next fiscal year, you forecast net income of $50,400 and ending assets of $508,700. Your firm's payout ratio is 9.8%. Your beginning stockholders'
For the next fiscal year, you forecast net income of $50,400 and ending assets of $508,700. Your firm's payout ratio is 9.8%. Your beginning stockholders' equity is $298.900, and your beginning total liabilities are $120,500. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $9.900. 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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