Question: Question # 1 Year 2 0 1 1 ending retained earnings were $ 3 million. Year 2 0 1 2 s forecasted net income $

Question #1
Year 2011 ending retained earnings were $3 million. Year 2012s forecasted net income $1 million with a 15% dividend payout ratio. What are the forecasted retained earnings for year 2012?
Question # 2
A firm has a projected total assets of $1 million, projected total liabilities of $1,500,000, and projected owners equity of $500,000. What is the discretionary financing needed (DFN)?

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