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Business, 05.09.2020 06:01 bigjoebob22

The most recent financial statements for Weyland Co. are shown here:INCOME STATEMENT BALANCE SHEETSales $38,800 Current Assets $23,600 Long-term debt $46,500Costs $29,400 Fixed Assets $79,000 Equity $56,100Taxable Income $9,400 Total = $102,600 Total $102,600Taxes (34%) 3,196Net Income $6,204Assets and costs are proportional to sales. The company maintains a constant 20 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 final answer to 2 decimal places (e. g., 32.16).)

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The most recent financial statements for Weyland Co. are shown here:INCOME STATEMENT BALANCE SHEETSa...
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