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The most recent financial statements for Throwing Copper Co. are shown here (Do not include the dollar sign ($). Round your answer to 2 decimal...
The most recent financial statements for Throwing Copper Co. are shown here (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)): Income Statement Balance Sheet Long-term debt $51,000 Costs 28,500Equity 56,000 Total $107,000Total $107,000 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. The maximum increase in sales that can be sustained assuming no new equity is issued is $.
