The most recent financial statements for mc govney co are


The most recent financial statements for Mc Govney Co. are shown here: Income Statement Balance Sheet Sales $ 38,200 Current assets $ 21,800 Long-term debt $ 51,500 Costs 29,100 Fixed assets 76,000 Equity 46,300 Taxable income $ 9,100 Total $ 97,800 Total $ 97,800 Taxes (34%) 3,094 Net income $ 6,006 Assets and costs are proportional to sales. The company maintains a constant 30 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?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The most recent financial statements for mc govney co are
Reference No:- TGS01371487

Expected delivery within 24 Hours