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The most recent financial statements for Mc Govney Co. are shown here: Income Statement Sales $47152 Costs $36870 Taxable Income ? Taxes (34%) ? Net
The most recent financial statements for Mc Govney Co. are shown here:
Income Statement | |
Sales | $47152 |
Costs | $36870 |
Taxable Income | ? |
Taxes (34%) | ? |
Net Income | ? |
Balance Sheet | |||
Current Asset | $21260 | Long-term Debt | $48216 |
Fixed Asset | $85534 | Equity | ? |
Assets and costs are proportional to sales. The company maintains a constant 19 percent dividend payout ratio and a constant debtequity ratio.
What is the maximum increase in sales (in $) that can be sustained assuming no new equity is issued?
(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)
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