The most recent financial statements for Alexander Co. are shown here Balance Sheet Income Statement...
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The most recent financial statements for Alexander Co. are shown here Balance Sheet Income Statement Sales Costs Taxable $45.200 Current $ 18,780 Long-term assets debt 36,300 Fixed assets 69,100 Equity 50,060 $ 8,900 Total $87,880 Total $87,880 income Taxes (21%) 1869 Net income $ Assets and costs are proportional to sales. The company maintains a constant 30 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.g., 32.16.) Maximum dollar increase
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