utilizing the fictitious company Tag-it Corporation, prepare next years forecast with a pro forma income statement.

Additionally, Tag-its CEO has predicted a 15% increase in total revenue next year. Utilizing the percentage of sales method, create a 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

2. determine whether you think Tag-it can hit the target of 15% increase in sales next year.