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:
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.
submit the excel spreadsheet provided, saved with your name, which must include the answers to the 2 questions: 1. an updated forecast for next year, and 2. the answer to question regarding the target sales.
Answers: 3
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Utilizing the fictitious company tag-it corporation, prepare next year’s forecast with a pro forma i...
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