February 11th, 2020 
Assignment Details
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:
Click to 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 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.
The use of 1 scholarly sources (e.g., textbook, article from the CEC Library) is required.
If you are planning to repurpose an assignment or submit one you have used before, please let your instructor know. If an instructor is not made aware of work being repurposed or reused, he or she will treat the assignment as a plagiarized task and reserves the right to post an F grade and submit a task for review to administration until proof of originality is provided. Click for more information.
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