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For the next fiscal year, you forecast net income of $51, 500 and ending assets of $506, 100. Your firm's payout ratio is 9.7%. Your
For the next fiscal year, you forecast net income of $51, 500 and ending assets of $506, 100. Your firm's payout ratio is 9.7%. Your beginning stockholders' equity is $295, 100 and your beginning to al liabilities are $119, 500. Your non-debt liabilities such as accounts payable are forecasted to increase by $10, 400. What is your net new financing needed for next year? The net financing required will be $ (Round to the nearest dollar.)
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