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hello everyone welcome back so in this section of the course we are going to come up with assumptions so these assumptions will drive the forecasting or would help us to project the income statement so without wasting time listen dive right into it so here first of all on assumptions we need to compute the revenue year on year growth rate and this is the revenue driver that is going to drive our Revenue projections and then we after that we will compute the cost of good sold as a percentage of Revenue and then selling in general expenses and admin expenses as a percentage of Revenue and then we compute the income tax expense so to compute the year-on-year revenue expenses all we need to do is we have to check the current or the 2021 Revenue figure we divided by the 2020 Revenue figure we subtract one and that will give us the the year-on-year growth rate so we are saying from 2020 to 2021 Revenue grew by 8.5 and then we can copy the formula to the right so I hope by now you now know ho