The most recent financial statements for Throwing Copper Co. are shown here: Inc
ID: 2676868 • Letter: T
Question
The most recent financial statements for Throwing Copper Co. are shown here:
Income Statement
Balance Sheet
Sales
$42,000
Current assets
$21,000
Long-term debt
$51,000
Costs
28,500
Fixed assets
86,000
Equity
56,000
Taxable income
$13,500
Total
$107,000
Total
$107,000
Taxes (34%)
4,590
Net income
$8,910
Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt?equity ratio.
Required:
What is the maximum increase in sales that can be sustained assuming no new equity is issued? (Do not round your intermediate calculations.)
$2,599.70 is that correct?
The most recent financial statements for Throwing Copper Co. are shown here:
Explanation / Answer
yes i got the same answers with my calculations
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