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The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales assets17,980 Long-term Costs 35,800 Fixed assets 68,600 Equity 49,260
The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales assets17,980 Long-term Costs 35,800 Fixed assets 68,600 Equity 49,260 Taxable 7900 Total $86,580 Total $86,580 ncome Taxes (21%) 1,659 Net income $ 6,241 Assets and costs are proportional to sales. The company maintains a constant 45 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., 3216.) Maximum dollar increase
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