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Home / Questions / The most recent financial statements for Mc Govney Co. are shownhere: Income Statement Bal

The most recent financial statements for Mc Govney Co. are shownhere: Income Statement Bal

The most recent financial statements for Mc Govney Co. are shownhere: Income Statement Balance Sheet Sales $ 38,200 Current assets$ 21,800 Long-term debt $ 51,500 Costs 29,100 Fixed assets 76,000Equity 46,300 Taxable income $ 9,100 Total $ 97,800 Total $ 97,800Taxes (34%) 3,094 Net income $ 6,006 Assets and costs areproportional to sales. The company maintains a constant 30 percentdividend payout ratio and a constant debt–equity ratio. What is themaximum increase in sales that can be sustained assuming no newequity is issued?

Dec 02 2019 View more View Less

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