Score: 0 of 1 pt 1 of 22 (0 complete) HW Score: 0%, 0 of 22 pts P 18-1 (similar to) Question Help * Your company has sales of 583,800 this year and cost of goods sold of 561,400 You forecast sales to increase to $112,100 next year Using the percent of salos method, forecast next year's cost of goods sold The Tax Cuts and Jobs Act of 2017 temporanly allows 100% bonus depreciation (effectively expensing capital expenditures) However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career The forecasted cost of goods sold (COGS) S (Round to the nearest dollar Score: 0 of 1 pt 2 of 22 (0 complete) HW Score: 0%, 0 of 22 pts P 18-2 (similar to) Question Help For the next fiscal year, you forecast net income of $61,100 and ending assets of S501,700. Your firm's payout ratio is 98% Your beginning stockholders equly 5296,000 and your beginning total liabilities are $120,400 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 Tax Cuts and Jobs Act of 2017 temporanly allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the retum of standard depreciation practices during your career The net financing required will be s (Round to the nearest dollar) v