Question: Use the same data as in Problem 1. a. Recalculate the percentage of sales income statement, but this time use the TREND function to forecast

Use the same data as in Problem 1.

a. Recalculate the percentage of sales income statement, but this time use the TREND function to forecast other income and interest expense.

b. Recalculate the percentage of sales balance sheet, but this time use the TREND function to forecast cash, other long-term assets, and other liabilities.

c. Do these new values appear to be more realistic than the original values? Does this make sense for each of these items? Might other income statement or balance sheet items be forecasted in this way?

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