Question: The most recent financial statements for Wise Co. are shown here: Assets and costs are proportional to sales. The company maintains a constant 30 percent

The most recent financial statements for Wise Co. are shown here:

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?

Income Statement Sales Costs Taxable income $21,500 Total Balance Sheet 27,000 Long-term debt 62000 $145,000 Total $43,000 21.500 Current assets Foxed assets 118,000 Equity 83,000 $145,000 7,310 90 Net income $14,I

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