Therefore, projections for Cracker Barrel's future financial performance were calculated by taking into account the average percentage of change that each of these elements has experienced over the past five years and adding that percentage to the company value results for 2014. Sales will continue to increase as the company continues to experience high assumption traffic and market reach. Operating expenses will also continue to increase because they are heavily influenced by the price and availability of food, ingredients, retail goods and utilities, which are expected to increase in the following year. Additionally, the company will be able to increase its current operations as more stores are likely to open in 2015, which may require some investment but would affect continued sales growth. While current liabilities may increase due to short-term investments to fund daily operations, interest expenses and long-term debt will continue to decline as the company remains focused on its plan to reduce its
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