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PLEASE HELP WILL THUMBS UP!!! For the next fiscal year, you forecast net income of $67,500 and ending assets of $889,500. Your firm's payout ratio
PLEASE HELP WILL THUMBS UP!!!
For the next fiscal year, you forecast net income of $67,500 and ending assets of $889,500. Your firm's payout ratio is 12%. Your beginning stockholders' equity is $396,400, and your beginning total liabilities are $320,400. Your non-debt liabilities, such as accounts payable, are forecasted to increase by $45,500. What will be your net new financing needed for next year? $55,281 $75,102 $91,456 $80,923 $67,800 Step by Step Solution
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