Question
Utilizing the fictitious company Tag-It Corporation, prepare next years forecast with a pro forma income statement. Here is the current income statement for Tag-It: Clickhereto
Utilizing the fictitious company Tag-It Corporation, prepare next years forecast with a pro forma income statement. Here is the current income statement for Tag-It:
Clickhereto download the income statement.
Tag-Its CEO has predicted a 10% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for 2019 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:
72,618
73,785
69,495
71,879
Determine whether you think Tag-It can hit the target of a 10% increase in sales next year.
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