[Prior Quarter] Budget Projection Next Q Revenue Sales Revenue $21,301,000.00 $23,734,000.00 Interest Income $350,000.00 $389,976.00 TOTAL INCOME $21,651,000.00 $24,123,976.00 [Prior Quarter] Budget Projection Next Q Costs and Expenses R&D $115,000.00 $11,867,000 Labor & related expense $110,000.00 $122,564.19 Selling/General/Admin $1,374,000.00 $1,530,938.20 Operating Expense $20,130,000.00 $22,429,247.47 TOTAL EXPENSES $21,729,000.00 $24,210,885.16 Net Earnings Before Taxes (Gain or Loss) $1,553,000.000 $1,730,383.57 Income Tax Expense $409,000.00 $455,715.96 Net Earnings After Taxes $1,144,000.000 $1,274,667.62 [Prior Q] Ratio Analysis (Choose a minimum of two) Profitability Ratio (Net profit margin: NIAT / Revenues) 54% Liquidity Ratio (Current assets / Current liabilities) 1.71 Leverage Ratio ( D/E: Total liabilities / Total Assets) 0.41