dditionally, Tag-It's CEO has predicted a 15% increase in total revenue next year. Utilizing the percentage of sales method, p forecast for next year in the correct section on the Excel spreadsheet.

1. The total revenue numbers over the past 4 years for Tag-It Corporation were as follows (values in millions):

• 73,785
• 69,495
• 71,879
• 75,356

1. Determine whether you think Tag-It can hit the target of a 15% increase in sales next year.