Sales and Growth the most recent financial statements for Heng Co. are shown here: Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt??equity ratio. What is the maximum increase in sales that can be sustained assuming no new equity is issued?

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Income Statement Bniance Shoet Long-term debt Current assets $ 24,000 Fixed assets Total $ 51,000 Sales $46,000 Costs Taxable income Taxes (34%) 92,000 65,000 Equity Total $16,500 5,610 $116.000 $116.000 Net income $10,890