Question
In: Finance
For the next fiscal year, you forecast net income of $51,200 and ending assets of $504,400....
For the next fiscal year, you forecast net income of $51,200 and ending assets of $504,400. Your firm's payout ratio is 9.7%. Your beginning stockholders' equity is $295,600 and your beginning total liabilities are $119,100. Your non-debt liabilities such as accounts payable are forecasted to increase by $9,600. Assume your beginning debt is $106,600.
What amount of equity would you need to issue to cover the net new financing in order to keep your debt-equity ratio constant?
What amount of debt would you need to issue to cover the net new financing in order to keep your debt-equity ratio constant?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
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