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Business, 27.05.2020 22:07 glowbaby123

The most recent financial statement for Momentum Industries are shown below: Income Statement Balance Sheet Sales $42,800 Current Assets $19,800 Long-term debt $39,000 Costs $35,500 Fixed assets $68,200 Equity $49,000 Taxable Income $7,300 Total $88,000 Total $88,000 Taxes (21%) $1,533 Net Income $5,767 Assets and costs are proportional to sales. The company maintains a constant 45 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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The most recent financial statement for Momentum Industries are shown below: Income Statement Balanc...
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