Question: table [ [ 3 , The most recent financial statements for Alexander Co . are shown below. Assets and costs are proportional to sales.

\table[[3,The most recent financial statements for Alexander Co. are shown below. 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?,,],[4,,,,,,,,],[5,,,,,,,,],[6,Sales,$ 53,500,Current assets,$ 19,000 Debt,,$ 43,000,,],[7,Costs,41,800,Fixed assets,72,000 Equity,,48,000,,],[8,Taxable income,$ 11,700,Total,$ 91,000 Total,,$ 91,000,,],[9,\table[[Taxes],[3,978]],,,,,,],[10,Net income,$ 7,722,,,,,,],[11,,,,,,,,],[12,Payout ratio,30%,,,,,,],[13,Tax rate,21%,,,,,,],[14,,,,,,,,],[15,],[16,Complete the following analysis. Do not hard code values in your calculations.],[17,,,,,,,,],[18,Return on equity,,,,,,,],[19,,,,,,,,],[20,Retention ratio,,,,,,,],[21,,,,,,,,],[22,Sustainable growth rate,,,,,,,],[23,,,,,,,,],[24,Maximum increase in sales,,,,,,,],[25,,,,,,,,],[26,,,,,,,,],[27,,,,,,,,]]

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