Organically generated increase in liabilities


Frisch Fish Corp expects net income next year to be $599,000. Inventory and accounts receivable will have to be increased by $301,000 to accommodate this sales level. Frisch will pay dividends of $404,000. How much external financing will Frisch Fish need assuming no organically generated increase in liabilities?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Organically generated increase in liabilities
Reference No:- TGS0674691

Expected delivery within 24 Hours