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.