Question
Directions: Use the information below to answer the following question. 20Y1 20Y2 20Y3 Sales $1,000,000 $1,250,000 $1,500,000 Net income $50,000 $45,000 $40,000 Which one of
Directions: Use the information below to answer the following question. 20Y1 20Y2 20Y3 Sales $1,000,000 $1,250,000 $1,500,000 Net income $50,000 $45,000 $40,000 Which one of the following is the correct conclusion about borrowing needs to draw from this trend? Borrowing needs will most likely have decreased in proportion to the increase in sales. Borrowing needs will most likely have remained the same during the period. Borrowing needs will most likely have increased during the period. Borrowing needs will most likely have decreased, but at a lower rate than the increase in sales.
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