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The most recent financial statements for Tran Company are shown here: Income Statement Balance Sheet Sales $ 44,600 Current assets $ 18,460 Long-term debt $
The most recent financial statements for Tran Company are shown here: Income Statement Balance Sheet Sales $ 44,600 Current assets $ 18,460 Long-term debt $ 37,620 Costs 36,100 Fixed assets 68,900 Equity 49,740 Taxable income $ 8,500 Total $ 87,360 Total $ 87,360 Taxes (22%) 1,870 Net income $ 6,630 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
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