Mid term Help Save & Eur 10 Inventory Fixed assets Stone Roses Co. Balance Sheet $50 Accounts payable $150 Notes payable $600 Long-term debt Equity $800 Total liabilities & equity $100 100 350 250 $800 Total assets Stone Roses Co. Income statement Sales Costs EBT Taxes (34) Net income $809 600 $200 68 $132 Suppose the firm wishes to maintain a constant debt equity ratio, retains 60% of net income, and raises no new equity. Assets and costs maintain a constant ratio to sales What is the maximum increase in sales the firm can achieve? Save the Multiple Choice $88 $249 $371 $429 5580 Activate Wir