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The most recent financial statements for Alexander Co. are shown here: Income Statement Sales Costs Taxable income Balance Sheet $45,650 Current assets19,020 Long-term debt 36,450
The most recent financial statements for Alexander Co. are shown here: Income Statement Sales Costs Taxable income Balance Sheet $45,650 Current assets19,020 Long-term debt 36,450 Fixed assets 69,250 Equity 50,300 $ 9.200 Total $88.270 Total $88.270 Taxes (24%) 2.208 Net income $ 6,992 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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