Income Statement, 2016			Balance Sheet, 2017
Sales	4,005,000		Assets
Costs except Depr.	-2,995,000		Cash and Equivalents	496,000
EBITDA	1,010,000		Accounts Receivable	660,000
Depreciation	-9,900		Inventories	20,000
EBIT	1,000,100		Total Current Assets	1,176,000
Interest Expense (net)	-40,500		Property Plant & Equipment	1,190,000
Pretax Income	959,600		Total Assets	2,366,000
Income Tax	-335,860		Liabilities &Equity
Net Income	623,740		Accounts Payable	600,000
			Debt	650,000
			Total Liabilities	1,250,000
			Stockholders' Equity	1,116,000
			Total Liabilities and Equity	2,366,000

Use the following Income Statement and Balance Sheet of firm X to answers Questions (1) & (2)

Sales in 2017 are expected to grow at a rate of 12.5% with respect to the values of 2016. Assume the company pays out 65% of its net income.

1. Use the percent sales method to forecast the value of next years stockholders equity for firm X.

2. Use the percent sales to estimate the firms net new financing for firm X.