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Need assistance with completing the attached spreadsheet. Here is the information:
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:
Click here to download the income statement.
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.
The total revenue numbers over the past 4 years for Tag-It Corporation were as follows:
Values in Millions:
Determine whether you think Tag-It can hit the target of a 10% increase in sales next year.
The use of 3 scholarly sources (e.g., textbook, article from the CEC Library) is required.