Assignment
Details:
Utilizing the fictitious company Tag-It Corporation, prepare next year's forecast with a pro forma income statement. Here is the current income statement for Tag-It:
Tag-It's CEO has predicted a 10% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the section provided on the Excel spreadsheet provided.
1. The total revenue numbers over the past 4 years for Tag-It Corporation were as follows:
Values in Millions:
o 72,618
o 73,785
o 69,495
o 71,879
2. Determine whether you think Tag-It can hit the target of a 10% increase in sales next year.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.