The most recent financial statements for Xporter, Inc., are shown here:

Income Statement Balance Sheet Sales $ 7,600 Current assets $ 4,300 Current liabilities $ 2,200 Costs 6,100 Fixed assets 9,800 Long-term debt 3,750 Taxable income $ 1,500 Equity 8,150 Taxes (34%) 510 Total $ 14,100 Total $ 14,100 Net income $ 990

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. As with every other firm in its industry, next year’s sales are projected to increase by exactly 15 percent.