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3-5 Sales and Growth The most recent financial statements for Anderson Company are shown here: Income Statement Balance Sheet Sales $ 8,700 Current assets $
3-5 Sales and Growth The most recent financial statements for Anderson Company are shown here: Income Statement Balance Sheet Sales $ 8,700 Current assets $ 4,200 Long-term debt $ 4,300 Costs 5,600 Fixed assets 10,400 Equity 10,300 Taxable income $ 3,100 Total $ 14,600 Total $ 14,600 Taxes (25%) 775 Net income $ 2,325 Assets and costs are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum increase in sales that can be sustained
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