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how is 30,000 the answer For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firm's payout ratio

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how is 30,000 the answer

For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firm's payout ratio is 20%. Your beginning stockholder's equity is $300,000 and your beginning total liabilities are $120,000. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $10,000. What is your net new financing needed for next year? $60,000$25,000$30,000$70,000$80,000

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