Based on your findings above, prepare Pro Forma statements for the next three fiscal years.

Demonstrate succinctly why you made the projections you show. (Defend your forecast.)

Determine the external financing, if needed, and show calculations

Breakdown TTM 12/31/2018 12/31/2017 12/31/2016

Total Revenue 16,901,000 17,279,000 15,380,800 14,619,400

Cost of Revenue 14,273,000 14,738,000 13,101,100 12,480,100

Gross Profit 2,628,000 2,541,000 2,279,700 2,139,300

Operating Expenses

Research Development - - - -

Selling General and Administrative1,883,000 1,837,000 1,656,500 1,651,200

Total Operating Expenses 1,883,000 1,837,000 1,656,500 1,651,200

Operating Income or Loss 745,000 704,000 623,200 488,100

Interest Expense 270,000 217,000 284,300 361,100

Total Other Income/Expenses Net75,000 79,000-, -78,200 -20,200

Income Before Tax 550,000 566,000 260,700 106,800

Income Tax Expense 126,000 122,000 -99,500 22,300

Income from Continuing Operations424,000 444,000 360,200 84,500

Net Income 403,000 422,000 340,200 69,000

Net Income available

to common shareholders 366,000 390,000 312,400 63,100

Reported EPS

Basic - 3.17 2.72 0.57

Diluted - 2.88 2.45 0.53

Weighted average shares outstanding

Basic - 123,000 114,900 110,200

Diluted - 135,000 127,800 122,800

EBITDA - 1,499,000 1,203,400 1,111,300