For the next fiscal year youforecast net income of 50000, Ask an Expert

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For the next fiscal year, youforecast net income of $50,000 and ending assets of $500,000. Your firm's payout ration is 10%. Your beginningstockholders' equity is $300,000 and your beginning total liabilities are $120,000. Your non-debt liabilities such asaccounts payable are forecasted to increase by $10,000. What is your net new financing needed for next year?

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Category:- Basic Finance
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