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Business, 13.07.2020 22:01 mujithkalhan2762

He most recent financial statements for Hailey Co. are shown here: Income Statement Balance Sheet
Sales $ 66,000 Current assets $30,000 Long-term debt $64,500
Costs 25,600 Fixed assets 125,000 Equity 90,500
Taxable income $40,400 Total $155,000 Total $155,000
Taxes (25%) 10,100
Net income $30,300

Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-equity ratio.

Requried:
What is the maximum increase in sales that can be sustained assuming no new equity is issued?

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He most recent financial statements for Hailey Co. are shown here: Income Statement Balance Sheet <...
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