Analyze the following financial statement. What can be done to improve company's financial outlook for global expansion?

Profit and Loss Projection (3 Years) Lola Inc 2019 2020 $7,181,709 $6.221.309 2021 Sales $4.680.563 941,192 100.00% 20.11% 100.00% 13.37% 86.63% $9.532.305 980,000 $8.552.305 100.00% 10.28% 89.72% 960,400 .0 Cost/ Goods Sold (COGS) Gross Profit $3,739,37179.89c0 79.89% Operating Expenses Salary (Office & Overhead) Payroll (taxes etc.) Outside Services Supplies (off and operation) Repairs/ Maintenance Advertising Car, Delivery and Travel Accounting and Legal Rent & Related Costs Telephone 402,000 32,800 20,000 76,492 25,000 7,500 17,000 34,000 84,000 9,800 12,000 8.59% $410,000 36,080 16,000 79,680 20,000 5,000 10,000 34,000 84,000 9,800 12,000 5.71% $418,000 38,200 10,000 83,000 15,000 3,500 8,000 34,000 84,000 9,800 12,000 0.70% 0.43% 1.63% 0.50% 0.22% 1.11% 0.28% 0.07% 0.40% 0.10% 0.16% 0.36% 0.04% 0.08% 0.47% 1.17% 1.79% 0.21% 0.26% 0.28% 0.53% 3.59% 0.10% 0.13% 0.14% 0.26% 0.17% Insurance Taxes (real estate etc.) Depreciation Total Expenses 25,000 168,000 926842 25,000 168,000 19.80% $922.810 25,000 16,800 12.85% $770,550 2.34% Net Profit Before Taxes ncome Taxes Net Operating Income 2,812,529 32,800 2,779,729 5,298,499 36,080 5,262,419 7,781,755 38,200 7,743,555