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The most recent financial statements for Hailey Co. are shown here: Income Statement Balance Sheet ﾃつﾃつSales $ 78,600 Current assets $ 32,100 Long-term debt $ 69,200 ﾃつﾃつCosts 27,000 Fixed assets 128,500 Equity 91,400 ﾃつﾃつTaxable...

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Finance

The most recent financial statements for Hailey Co. are shownhere:
Income StatementBalance Sheet
ﾃつﾃつSales$78,600Current assets$32,100Long-term debt$69,200
ﾃつﾃつCosts27,000Fixed assets128,500Equity91,400
ﾃつﾃつTaxable income$51,600ﾃつﾃつTotal$160,600ﾃつﾃつTotal$160,600
ﾃつﾃつTaxes (22%)11,352ﾃつﾃつﾃつﾃつ
Net income$40,248

Assets and costs are proportional to sales. The companymaintains a constant 25 percent dividend payout ratio and aconstant debt-equity ratio.

What is the maximum increase in sales that can be sustainedassuming no new equity is issued?

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