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Business, 20.02.2022 04:40 IsabelAyshi

The most recent financial statements for Hailey Co. are shown here: Income Statement Balance Sheet Sales $ 60,600 Current assets $ 29,100 Long-term debt $ 63,200 Costs 25,000 Fixed assets 123,500 Equity 89,400 Taxable income $ 35,600 Total $ 152,600 Total $ 152,600 Taxes (22%) 7,832 Net income $ 27,768 Assets and costs are proportional to sales. The company maintains a constant 35 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

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