Here is the current income statement for Tag-It: Click here 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. 1.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 2.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.
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