Assume the companys sales revenue is $200,000, cost of goods sold is $50,000, and total operating expenses is $75,000 for the current year. If the company estimates that sales will increase by 20%, cost of goods sold will increase by 15% and operating expenses will increase by 10%, prepare a pro-forma income statement and determine the projected gross profit margin and profit margin.

Based on the three sections of a cash flow statement, determine the business cycle stage of a company (start up, growth, maturuty, decline) and briefly explain your interpretation.

Based on trends of common ratios that measure liquidity, solvency, profitability and effectiveness, be able to briefly explain what the trends reveal about a company's financial condition and performance.