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The most recent financial statements for Tran Company are shown here: Assets and costs are proportional to sales. The company maintains a constant 45 percent
The most recent financial statements for Tran Company are shown here: Assets and costs are proportional to sales. The company maintains a constant 45 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.9. 32.16.)
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