Morrissey Technologies Inc.'s 2016 financial statements are shown here Morrissey Technologies Inc.: Balance Sheet as of December 31, 2016 Cash Receivables Inventories Total current assets $360,000 56,000 180,000 $596,000 100,000 1,800,000 204,000 $2,700,000 $180,000 360,000 720,000 Accounts payable Notes payable Accrued liabilities $1,260,000Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Fixed assets 1,440,000 Total assets $2,700,000 Morrissey Technologies Inc.: Income Statement for December 31, 2016 $3,600,000 Sales Operating costs including depreciation EBIT Interest EBT Taxes (40%) Net Income Per Share Data Common stock price Earnings per share (EPS) Dividends per share (DPS) 3,279,720 $320,280 20,280 $300,000 120,000 $180,000 $45.00 $1.80 $1.08 Suppose that in 2017, sales increase by 15% over 2016 sales. The firm currently has 100,000 shares outstanding. It expects to maintain its 2016 dividend payout ratio and helieves that its assets should arnw at the same rate as sales. The firm has n() excess canaritv. Hnwever. the firm woul like t redlice its neratina c5ts/sales ratio to 89