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please solve in excep For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firm's payout ratio is
please solve in excep
For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firm's payout ratio is 10%. Your beginning shareholders' 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? The amount of the net financing must be the amount that, together with the additions to shareholders equity and increases in non-debt liabilities, equals the increase in assets over the year Step by Step Solution
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