Question

Please calculate the projected financial information for 2019E & 2020E. The growth rate is 21%.

Revenue	2017A	2018A	2019E	2020E
Total Revenue	$7,766,000	$7,782,000
Cost of Revenue	$4,299,000	$4,445,000
Gross Profit	$3,467,000	$3,337,000
Operating Expenses
Selling General and Administrative	$2,303,000	$2,382,000
Total Operating Expenses	$6,760,000	$7,000,000
Operating Income or Loss	$1,006,000	$782,000
Incoming from Continuing Operations
Total Other Income/Expenses Net	($2,000)	($204,000)
Earnings Before Interest and Taxes	$1,006,000	$782,000
Interest Expense	($11,000)	($12,000)
income Before Tax	$1,004,000	$578,000
Income Tax Expense	$340,000	$294,000
Net Income From Continuing Ops	$664,000	$284,000
Net Income per Common Share - Basic	4.91	2.22
Net Income Applicable to Common Shares	$134,000	$127,200

Answer 1

Revenue	2017A	2018A	2019E	2020E
Total Revenue	$7,766,000	$7,782,000	$       9,416,220	$       11,393,626
Cost of Revenue	$4,299,000	$4,445,000	$       5,378,450	$         6,507,925
Gross Profit	$3,467,000	$3,337,000	$       4,037,770	$         4,885,702
Operating Expenses
Selling General and Administrative	$2,303,000	$2,382,000	$       2,882,220	$         3,487,486
Total Operating Expenses	$6,760,000	$7,000,000	$       8,470,000	$       10,248,700
Operating Income or Loss	$1,006,000	$782,000	$          946,220	$         1,144,926
Incoming from Continuing Operations
Total Other Income/Expenses Net	($2,000)	($204,000)	$        (246,840)	$          (298,676)
Earnings Before Interest and Taxes	$1,006,000	$782,000	$          946,220	$         1,144,926
Interest Expense	($11,000)	($12,000)	$          (14,520)	$            (17,569)
income Before Tax	$1,004,000	$578,000	$          699,380	$            846,250
Income Tax Expense	$340,000	$294,000	$          355,740	$            430,445
Net Income From Continuing Ops	$664,000	$284,000	$          343,640	$            415,804
Net Income per Common Share - Basic	4.91	2.22	$                2.23	$                  2.23
Net Income Applicable to Common Shares	$134,000	$127,200	$          153,912	$            186,234