Frisch fish corp expects net income next year to be 605000, Finance Basics

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Frisch fish corp expects net income next year to be 605000

Question: Frisch Fish Corp expects net income next year to be $605,000. Inventory and accounts receivable will have to be increased by $299,000 to accommodate this sales level. Frisch will pay dividends of $409,000. How much external financing will Frisch Fish need assuming no organically generated increase in liabilities?

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Finance Basics: Frisch fish corp expects net income next year to be 605000

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Finance Basics: Frisch fish corp expects net income next year to be 605000

Reference No:- TGS02771763

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