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9. The most recent statements for Sullivan Inc. are as follows: Statement of Comprehensive Income Statement of Financial Position Sales Current $21,000 Debt $51,000 Assets

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9. The most recent statements for Sullivan Inc. are as follows: Statement of Comprehensive Income Statement of Financial Position Sales Current $21,000 Debt $51,000 Assets $42,000 Fixed 86,000 Equity 56.000 Assets Cost 28.500 Toal $107000al $%107.00 Taxable Income Taxes (40%) Net Income $13,500 4.590 S 8.910 Assets and costs are proportional to sales. Sullivan 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? Do not round intermediate calculations and round your final answer to 2 decimal places

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