The most recent financial statements for Hailey Co. are shown here: Income Statement Sales Costs Taxable income $84,000 27,600 $56,400 Total Taxes (25%) 14,100 Net income $42,300 Current assets $ 33,000 Fixed assets 130,000 Balance Sheet Maximum increase in sales Long-term debt Equity $163,000 Total $ Assets and costs are proportional to sales. The company maintains a constant 40 percent dividend payout ratio and a constant debt-equity ratio. > Answer is complete but not entirely correct. 43,925.11 X $ 71,000 92,000 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.) $163,000

The most recent financial statements for Hailey Co. are shown here: 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct