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The most recent financial statements for Throwing Copper Co. are shown here: $64,800 81,000 Income Statement Balance Sheet Current Long-term Sales $60,000 $93,960 assets debt
The most recent financial statements for Throwing Copper Co. are shown here: $64,800 81,000 Income Statement Balance Sheet Current Long-term Sales $60,000 $93,960 assets debt Costs 38,400 Fixed assets 51,840 Equity Taxable $21,600 Total $145,800 Total income Taxes (35%) 7,560 Net income $14,040 $145,800 Assets and costs are proportional to sales. The company maintains a constant 22 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 your intermediate calculations.) HINT: Instead of calculating a percentage growth rate (IGR/SGR), you need to turn that growth rate into an actual dollar amount. $2,378.71 $9,380.2 $9,480.2 O $4,872.66 $9,280.2
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