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MBA Long-Term Financial Plann... Saved The most recent financial statements for Live Co. are shown here: Balance Sheet $23,719 Debt $23,377 Income Statement Current Sales
MBA Long-Term Financial Plann... Saved The most recent financial statements for Live Co. are shown here: Balance Sheet $23,719 Debt $23,377 Income Statement Current Sales $11,000 assets Fixed Costs 6,600 assets Taxable $4,400 Total income Taxes (33%) 1,452 Net income $2,948 16,598 Equity 16,940 $40,317 Total $40,317 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 22 percent dividend payout ratio. What is the fastest the company could grow while keeping the current debt-equity ratio constant and without issuing new shares? (Do not round your intermediate calculations.)
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