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What is ghe maximum increase in sales that can be sustained assumibg no new equity is issued? ework i The most recent financial statements for

What is ghe maximum increase in sales that can be sustained assumibg no new equity is issued? image text in transcribed
ework i The most recent financial statements for Hailey Co. are shown here: Income Statement Sales $69,600 Costs 26.000 Balance Sheet Current Long-term $ 30,600 assets debt Fixed assets 126,000 Equity $ 66,200 90,400 Taxable Income $43,600 Total $156,600 Total $156,600 Taxes (229) 9.592 Net Income $34,008 Assets and costs are proportional to sales. The company maintains a constant 40 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 Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Maximum increase in sales

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