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Sales and Growth [LO2] The most recent financial statements for Alexander Co are shown here: 8. Income Statement Balance Sheet Sales Costs Taxable income Taxes

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Sales and Growth [LO2] The most recent financial statements for Alexander Co are shown here: 8. Income Statement Balance Sheet Sales Costs Taxable income Taxes (23%) $42,800 Current assets $17,500 Long-term debt $37,000 48,800 $85,800 35,500 Fixed assets 68,300 Equity $85,800 Total $ 7,300 1.679 Total Net income $5,62 Assets and costs are proportional to sales. 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 assuming no new equity is issued

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