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The most recent financial statements for Hailey Co. are shown here: Balance Sheet Income Statement Sales $64,200 Costs 25,400 Current assets Fixed assets $ 64,400
The most recent financial statements for Hailey Co. are shown here: Balance Sheet Income Statement Sales $64,200 Costs 25,400 Current assets Fixed assets $ 64,400 89,800 debt Equity 124,500 Taxable income $38,800 Total $154,200 Total $154,200 Taxes (24%) 9,312 Net income $29,488 Assets and costs are proportional to sales. The company maintains a constant 25 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Maximum increase in sales
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