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For the next fiscal year, you forecast net income of $48,200 and ending assets of $505,300. Your firm's payout ratio is 10.5%. Your beginning stockholders'
For the next fiscal year, you forecast net income of $48,200 and ending assets of $505,300. Your firm's payout ratio is 10.5%. Your beginning stockholders' equity is $295,900, and your beginning total liabilities are $119,800. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $10,100. What will be your net new financing needed for next year? ROUND ANSWER TO NEAREST DOLLAR
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