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The most recent financial statements for Schenkel Co. are shown here: Income Statement Sales $ 17,600 Costs 12,000 Current assets Fixed assets Balance Sheet $10,700

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The most recent financial statements for Schenkel Co. are shown here: Income Statement Sales $ 17,600 Costs 12,000 Current assets Fixed assets Balance Sheet $10,700 Debt 25,750 Equity $ 15,200 21,250 Taxable income $ 5,600 Total $36,450 Total $36,450 Taxes (40%) 2.240 Net income $ 3,360 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate The most recent financial statements for Alexander Co. are shown here: Income Statement Sales $ 50,000 Costs 38,000 Current assets Fixed assets Balance Sheet $ 24,000 Long-term debt $ 54,500 91,000 Equity 60,500 Taxable income $ 12,000 Total $ 115,000 Total $ 115,000 Taxes (34%) 4,080 Net income $ 7,920 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 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 increase in sales $

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