The most recent financial statements for Throwing Copper Co. are shown here (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)): Income Statement Balance Sheet Sales $42,000 Current assets $21,000 Long-term debt $51,000 Costs 28,500 Fixed assets 86,000 Equity 56,000 Taxable income $13,500 Total $107,000 Total $107,000 Taxes (34%) 4,590 Net income $8,910 Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-equity ratio. The maximum increase in sales that can be sustained assuming no new equity is issued is $____.
Paper#8839 | Written in 18-Jul-2015Price : $25