For the next fiscal year, you forecast net income of $48,300 and ending assets of $500,600. Your firm's payout ratio is
Posted: Wed Jul 06, 2022 6:15 pm
- For The Next Fiscal Year You Forecast Net Income Of 48 300 And Ending Assets Of 500 600 Your Firm S Payout Ratio Is 1 (117.85 KiB) Viewed 13 times
For the next fiscal year, you forecast net income of $48,300 and ending assets of $500,600. Your firm's payout ratio is 10.5%. Your beginning stockholders' equity is $297,000, and your beginning total liabilities are $128,900. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,500. Assume your beginning debt is $108,900. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your debt-equity ratio constant? The amount of debt to issue will be $ 17224 (Round to the nearest dollar) The amount of equity to issue will be $ (Round to the nearest dollar.) ...