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The most recent financial statements for Tran Company are shown here: Income Statement Balance Sheet Sales $ 4 4 , 1 5 0 Current assets
The most recent financial statements for Tran Company are shown here: Income Statement Balance Sheet Sales $ Current assets $ Longterm debt $ Costs Fixed assets Equity Taxable income $ Total $ Total $ Taxes Net income $ Assets and costs are proportional to sales. The company maintains a constant percent dividend payout ratio and a constant debtequity 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 decimal places, eg
The most recent financial statements for Tran Company are shown here:
Income Statement Balance Sheet
Sales $ Current assets $ Longterm debt $
Costs Fixed assets Equity
Taxable income $ Total $ Total $
Taxes
Net income $
Assets and costs are proportional to sales. The company maintains a constant percent dividend payout ratio and a constant debtequity 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 decimal places, eg
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