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PREQUALIFICATION WORKSHEET
<br />PRINTED: 05/20/2021
<br />ACCOUNT #: 351120685 VALID: 05/19/2021
<br />NAME: Milestone Contractors North, Inc. EXPIRES: 09/3012022
<br />APPLICATION TYPE: New AUDITOR APPROVED: 05/1212021
<br />FINANCIAL STATEMENT TYPE: Audit ANALYST APPROVED: 05/19/2021
<br />FINANCIAL STATEMENT DATE: 12/31/2020 PREQUALIFICATION APPROVED: 05/20/2021
<br />--------------------- --
<br />ASSETS REPORTED
<br />LIABILITIES REPORTED
<br />-- -- --- ---.............
<br />NETASSETS REPORTED
<br />- - -----------------------
<br />NET FIXED ASSETS
<br />CURRENTFIXED EQUIPMENT
<br />--------...------- -------------
<br />$45,301,075.00 $11,290,806.00 $32,767,124.00
<br />$15,307,087.00 $16,142,099.00
<br />------------ -- ---------------- ---------------
<br />$29,993,988.00 $(4,851,293.00) $32,767,124.00
<br />$0.00
<br />NET FIXED ASSETS EQUIPMENT $0.00
<br />------------------------------------ -- ------ -----
<br />NET ACCEPTABLE ASSETS $27,948,981.00 $5,270,157.00 $32,767,124.00
<br />RATING FACTORS X10 X 2 X 8
<br />------------------------------------------------------------
<br />RATING COMPONENTS $279,489,810.00 $10,540,314.00 $262,136,992.00
<br />x 1.5 _ $262,136,992.00
<br />MAXIMUM EQUIPMENT $419,234,715.00 $0.00
<br />8
<br />$262,136,992.00 $0.00
<br />+ $279,489,810.00
<br />COMPONENT RATING
<br />CURRENT
<br />$279,489,810.00
<br />FIXED
<br />$10,540,314.00
<br />EQUIPMENT
<br />-----------
<br />$262,136,992.00
<br />--- ----
<br />MAXIMUM BALANCE
<br />----------------
<br />$552,167,116.00
<br />STATEMENT TYPE
<br />Audit
<br />EXPER. REDUCTION
<br />0.00%
<br />AGG. BIDDING CAPACITY
<br />$552,167,000.00
<br />+ $5,270,157.00
<br />--------------------
<br />— -------------
<br />$541,626,802.00 $5,270,157.00
<br />X 0.25 X 2
<br />-------------------
<br />---------------
<br />MAXIMUM FIXED $135,406,701.00- - -ADJUSTED FIX. $10,540,314.00
<br />---
<br />---------------
<br />--------------------
<br />BALANCE SHEET ANALYSIS
<br />CURRENTASSETS:
<br />------------
<br />$45,301,075.00
<br />---------------- -
<br />CURRENT RATIO:
<br />-------------
<br />2,96
<br />INVENTORY:
<br />--------------------
<br />$5,215,421.00
<br />---------------
<br />-- -
<br />QUICK RATIO:
<br />------- — ----------
<br />2,62
<br />CURRENT LIABILITIES:
<br />-----------------------
<br />$15,307,087.00
<br />- -------------
<br />WORKING CAPITAL:
<br />---------------------
<br />$29,993,988.00
<br />TERM LIABILITIES:
<br />-------------------------
<br />$16,142,099.00
<br />--------------
<br />DEBIT/ NET WORTH:
<br />0,54
<br />NET WORTH:
<br />$57,909,819.00
<br />------- ------- ------
<br />ACCOUNTS RECEIVABLE TURNOVER:
<br />8.63
<br />TOTAL LIABILITIES:
<br />-------------------
<br />$31,449,186.00
<br />--------------
<br />ACCOUNTS RECEIVABLE/TOTAL CURRENTASSETS:
<br />-------------- ---------------------------------------
<br />0.38
<br />-------------------------
<br />--------------
<br />ACCOUNTS PAYABLE1TOTAL CURRENT LIABILITIES:
<br />------------------ --------------------
<br />0.30
<br />RECEIVABLES/PAYABLES:
<br />-------------
<br />3.74
<br />DAYS IN ACCOUNTS RECEIVABLE:
<br />42.27
<br />ADJUSTMENTS
<br />Line Item # - Description Adjustment Amount
<br />Current Fixed Equipment
<br />11 Detail is not Clear $(38,221.00) $0.00 $0.00
<br />16 Omit Goodwill $0.00 $(1,138,640.00) $0.00
<br />17 Due after 24 Months $0.00 $12,033,636.00 $0.00
<br />99 Omit Affiliates $(2,780,332.00)
<br />99 Reclassify to Current $1,274,516.00 $(1,274,516.00)
<br />99 To 16 Long Term $(500,970.00) $500,970.00
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