For the next fiscal​ year, you forecast net income of ​$50,900 and ending assets of ​$507,100. Your​ firm's payout ratio is 9.7%. Your beginning​ stockholders' equity is ​$295,800 and your beginning total liabilities are ​$119,200. Your​ non-debt liabilities such as accounts payable are forecasted to increase by ​$9,700. What is your net new financing needed for next​ year?The Tax Cuts and Jobs Act of 2017 temporarily allowed​ 100% bonus depreciation​ (effectively expensing capital​ expenditures). However, we will still include depreciation forecasting in this chapter and in these problems.Question content area bottomPart 1The net financing required will be ​$

For the next fiscal year, you forecast net income of $ 50, 700 and ending assets $500, 300. Your firm's payout ratio is 9.8 %. Your beginning stockholders' equity is $298, 400, and your beginning total liabilities are $ 120, 800. Your non - debt liabilities, such as accounts payable, are forecasted to increase by $10,200. What will be your net new financing needed for next year? rounded to the nearest dollar

For the next fiscal​ year, you forecast net income of $52,000 and ending assets of $503,400. Your​ firm's payout ratio is 9.5%. Your beginning​ stockholders' equity is $295,400​, and your beginning total liabilities are $119,200. Your​ non-debt liabilities, such as accounts​ payable, are forecasted to increase by $10,300. What will be your net new financing needed for next​ year?

Happy Time Inc. is expected to generate the following cash flows for the next year, as shown in the table below. Happy Time now only has one outstanding debt with a face value of $110 million to be repaid in the next year. The current market value for the debt is $67 million. The tax rate is zero. If you invest in the corporate debt of Happy Time Inc. today, what is your expected percentage return on this investment? Cash flow in the next year Economy Probability Amount Boom 0.3 Normal 0.4 Recession 0.3 O 36.87% O -26.37% 64.8% O-16.63% $110 million $101 million $61 million

For the next fiscal year, you forecast net income of $48,300 and ending assets of $503,500. Your firm's payout ratio is 10.8%. Your beginning stockholders' equity is $299,400, and your beginning total liabilities are $129,100. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,100. Assume your beginning debt is $109,100. 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 $ (Round to the nearest dollar.)

For the next fiscal year, you forecast net income of $48,100 and ending assets of $504,000. Your firm's payout ratio is 9.6%. Your beginning stockholders' equity is $298,000 and your beginning total liabilities are $119,700. Your non-debt liabilities such as accounts payable are forecasted to increase by $9,700. Assume your beginning debt is $109,800. 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? Please show work. The amount of equity to issue will be... The amount of debt to issue will be...

Your firm has an ROE of 11.1%, a payout ratio of 29%, $585,100 of stockholders' equity, and $420,000 of debt. If you grow at your sustainable growth rate this year, how much additional debt will you need to issue? The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter anc in these problems in anticipation of the return of standard depreciation practices during your career. The sustainable growth rate is %. (Round to three decimal place.) The ending total assets at the sustainable growth rate will be $ (Round to the nearest dollar.) Because the firm grew at its sustainable growth rate, its debt/equity ratio remains constant at 0.717826 and the debt-to-assets ratio will be 0.417869. Thus, the new debt in the capital structure will be 0.417869×$1,084,312= $453,100. Since the firm started at $420,000, it will issue about $33,100 in additional debt.…

Please be accurate

As the chief financial officer of Adirondack Designs, you have the following information: Next year’s expected net income after tax but before new financing $ 50 million Sinking-fund payments due next year on the existing debt $ 25 million Interest due next year on the existing debt $ 20 million Common stock price, per share $ 33.0 Common shares outstanding 30 million Company tax rate 30% Calculate Adirondack’s times-interest-earned ratio for next year assuming the firm raises $60 million of new debt at an interest rate of 4 percent. Calculate Adirondack’s times-burden-covered ratio for next year assuming annual sinking-fund payments on the new debt will equal $3.5 million. Calculate next year’s earnings per share assuming Adirondack raises the $60 million of new debt. Calculate next year’s times-interest-earned ratio, times-burden-covered ratio, and earnings per share if Adirondack sells 2.5 million new shares at $23 a share instead of raising new debt. Note: Do not round intermediate…

Chua Chang & Wu Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Last year's sales = So $200,000 Last year's accounts payable $50, 000 Sales growth rate = g 40% Last year's notes payable $15,000 Last year's total assets = A0 $127,500 Last year's accruals $20,000 Last year's profit margin = PM 20.0% Target payout ratio 25.0% a. - $19,000 b. -$11,000 c. - $25,571 d. -$7,000 e. - $25,000