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The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Long-term debt Current $45,350 $18,860 $37,870 Sales assets Costs 36,350
The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Long-term debt Current $45,350 $18,860 $37,870 Sales assets Costs 36,350 Fixed assets 69,150 Equity 50,140 Taxable $88,010 $88,010 9,000 Total Total income Taxes (22% 1,980 Net income $ 7,020 Assets and costs are proportional to sales. The company maintains a constant 35 percent dividend payout ratio and a constant debt-equity ratio What is the maximum dollar increase in sales that can be sustained assuming no new equity is issued? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Maximum dollar increase
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