The most recent financial statements for Fontenot Co. are shown here:

Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-to-equity ratio. What is the maximum increase in sales that can be sustained assuming no new equity is issued?

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Statement of Comprehensive Income Sales Costs Taxable income $23,200 Taxes (34%) 7.888 Statement of Financial Position $67,000 Current assets S 31,000 Long-term debt $ 68,000 81,000 $149,000 43,800 Fixed assets 118,000 Equity Total $149,000 Total Net income $15,312