Assume the provided information in exhibit 4 is for the last ten years, then according to provided information how can we forecast the amount of profit for 2023 accurately ?why? Required a detailed answer with explanation Provided any tables , graphs etc if necessary.

 

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Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 EXHIBIT 4 FINANCIAL HIGHLIGHTS Turnover (Based on 1993 Index of 100) 100.00 98.08 131.21 133.77 141.00 141.92 160.77 171.72 171.24 206.36 Net Profit (Based on 1993 Index of 100) 100.00 189.12 242.55 257.49 308.99 285.78 414.70 378.50 392.43 414.72 Shareholders' Equity (Based on 1993 Index of 100) 100.00 115.62 138.93 164.63 195.15 222.71 241.42 247.60 271.37 307.54 Return on Equity (Based on Actual Figures) 14.94% 25.05% 26.73% 23.95% 24.25% 19.65% 26.30% 23.41% 22.14% 20.65% Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 EXHIBIT 4 FINANCIAL HIGHLIGHTS Turnover (Based on 1993 Index of 100) 100.00 98.08 131.21 133.77 141.00 141.92 160.77 171.72 171.24 206.36 Net Profit (Based on 1993 Index of 100) 100.00 189.12 242.55 257.49 308.99 285.78 414.70 378.50 392.43 414.72 Shareholders' Equity (Based on 1993 Index of 100) 100.00 115.62 138.93 164.63 195.15 222.71 241.42 247.60 271.37 307.54 Return on Equity (Based on Actual Figures) 14.94% 25.05% 26.73% 23.95% 24.25% 19.65% 26.30% 23.41% 22.14% 20.65%

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