Problem

Sales and Growth The most recent financial statements for Fontenot Co. are shown her...

Sales and Growth The most recent financial statements for Fontenot 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?

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Solutions For Problems in Chapter 3

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