Question: 2. Excel Solution For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firm's payout ratio is 10%.

2. Excel Solution For the next fiscal year, you forecast net

2. Excel Solution For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firm's payout ratio is 10\%. Your beginning shareholders' equity is $300,000 and your beginning total liabilities is $120,000. 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

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