Problem: Financial Management
Additionally, Tag-It's CEO has predicted a 12% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the correct section on the Excel spreadsheet.
A. The total revenue numbers over the past 4 years for Tag-It Corporation were as follows (values in millions):
a. 73,785
b. 69,495
c. 75,356
d. 71,879
B. Determine whether you think Tag-It can hit the target of a 12% increase in sales next year.
Prepare a 5 page report that includes a pro forma forecast using the template provided and an analysis of Tag-It's ability to hit the 12% increase in sales in a separate word document.
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.