$10$

The table given below summarizes the $2022$ income statement and end$-$year balance sheet of Drake's Bowing Alleys. Drake's financial manager forecasts a $10\%$ increase in sales and costs in $2023.$ The ratio of sales to average assets is expected to remain at $0\mathrm{.}40.$ Interest is forecasted at $5\%$ of debt at the start of the year.

$4$

points

eBook

References

$\backslash$table$[[,\backslash$table$[[$Income Statement$],[$$ in thousands$]],],[$Sales$,$ of average assets$){?}^a,],[$Costs$,$ of sales