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The most recent financial statements for Hailey Co. are shown here: Assets and...

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Accounting

The most recent financial statements for Hailey Co. are shown here:
Assets and costs are proportional to sales. The company maintains a constant 25
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.)
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