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please explain with the answer , thank you 0 Testvi Please use the following data an analyst has gathered from L'Essence Income Statement for the

image text in transcribedplease explain with the answer , thank you
0 Testvi Please use the following data an analyst has gathered from L'Essence Income Statement for the following question Income Statement for...(in min year 1 year 2 year 3 Revenues 120 135 COGS 57 60 Gross profit 63 75 total operating expenses 30 43 Operating income 23 32 Given the fact revenues will grow for 20 in year the percentage of approach is used for extrapolation For the set of the town constant the growth rate of the Account Payables is expected to be O 15 25% 20% 10%

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