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The most recent financial statements for Tran Company are shown here: income statement sales-$43100 costs-35,600 taxable income $7500 taxes(22%) 1650 net income $5850 Balance sheet
The most recent financial statements for Tran Company are shown here: income statement sales-$43100 costs-35,600 taxable income $7500 taxes(22%) 1650 net income $5850 Balance sheet Current assests$17660 fixed assest 68400 total 86060 long term debt $37120 equity $48940 total 86060 assests and cost 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 equity is issued
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