Question: Forecasting is an important part of financial statement analysis. Each of you have already forecasted or are in process of forecasting the income statement for

Forecasting is an important part of financial statement analysis. Each of you have already forecasted or are in process of forecasting the income statement for the next financial statement year for the two companies you are analyzing in your financial analysis case for this course. Select a key assumption you made or need to make to forecast the financial statements. For that assumption explain all the following:\ \ State the assumption you made.\ Explain why the assumption is key.\ Provide at least two sources of evidence supporting the validity of assumption.

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