Business
Business, 10.03.2020 05:56, lamanihill

The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 42,800 Current assets $ 17,500 Long-term debt $ 37,000 Costs 35,500 Fixed assets 68,300 Equity 48,800 Taxable income $ 7,300 Total $ 85,800 Total $ 85,800 Taxes (23%) 1,679 Net income $ 5,621 Assets and costs are proportional to sales. The company maintains a constant 40 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum dollar increase in sales that can be sustained assuming no new equity is issued? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Shee...

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