3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 A B C The most recent financial statements for Alexander Co. are shown below. 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? Sales Costs Taxable income Taxes Net income Payout ratio Tax rate Retention ratio $ Sustainable growth rate $ $ D 53,500 41,800 11,700 3,978 7,722 30% 21% E F G H Current assets $ 19,000 Debt Fixed assets 72,000 Equity Total Complete the following analysis. Do not hard code values in your calculations. Return on equity $ 91,000 Total I $ 43,000 48,000 91,000 $ J