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PREQUALIFICATION WORKSHEET <br />ACCOUNT #: 351120685 <br />NAME: Milestone Contractors North, Inc. <br />APPLICATION TYPE: New <br />FINANCIAL STATEMENT TYPE: Audit <br />PRINTFn• n,;/,>n/7m1 <br />VALID: 05/19/2021 <br />EXPIRES: 09/30/2022 <br />AUDITOR APPROVED: 05/12/2021 <br />ANALYST APPROVED: 05/19/2021 <br />FINANCIAL STATEMENT DATE: 12/31/2020 PREQUALIFICATION APPROVED: 05/20/2021 <br />... - - ... CURRENT FIXED EQUIPMENT <br />ASSETS REPORTED <br />$45,301,075.00 $11,290,806.00 $32,767,124.00 <br />LIABILITIES REPORTED <br />$15,307,087.00 <br />$16,142,099.00 <br />$10,540,314.00 <br />NET ASSETS REPORTED <br />- - -- ...---- <br />$29,993,988.00 <br />_ ...--... <br />$(4,851,293.00) <br />...- <br />$32,767,124.00 <br />NET FIXED ASSETS <br />$15,307,087.00 <br />WORKING CAPITAL: <br />$0.00 <br />NET FIXED ASSETS EQUIPMENT <br />$0.00 <br />DEBIT/ NET WORTH: <br />0.54 <br />NET ACCEPTABLE ASSETS <br />$27,948,981.00 <br />$5,270,157.00 <br />$32,767,124.00 <br />RATING FACTORS <br />X10 <br />X 2 <br />X 8 <br />RATING COMPONENTS <br />$279,489,810.00 <br />$10,540,314.00 <br />$262,136,992.00 <br />x 1.5 <br />_ <br />$262,136,992.00 <br />MAXIMUM EQUIPMENT <br />$419,234,715.00 <br />DAYS IN ACCOUNTS RECEIVABLE: <br />$0.00 <br />$262,136,992.00 <br />$279,489,810.00 <br />$541,626,802.00 <br />X 0.25 <br />$0.00 <br />+ $5,270,157.00 <br />$5,270,157.00 <br />X 2 <br />MAXIMUM FIXED $135,406,701.00 ADJUSTED FIX. $10,540,314.00 <br />BALANCE SHEET ANALYSIS <br />COMPONENT RATING <br />CURRENT <br />$279,489,810.00 <br />FIXED <br />$10,540,314.00 <br />EQUIPMENT <br />$262,136,992.00 <br />MAXIMUM BALANCE <br />$552,167,116.00 <br />STATEMENT TYPE Audit <br />EXPER. REDUCTION 0.00% <br />AGG. BIDDING CAPACITY $552,167,000.00 <br />CURRENTASSETS: <br />- - - —. ............ <br />$.45,3.0.1.,075.00.... <br />CURRENT RATIO: <br />2.96 <br />INVENTORY: <br />$5,215,421.00 <br />QUICK RATIO: <br />2,62 <br />CURRENT LIABILITIES: <br />$15,307,087.00 <br />WORKING CAPITAL: <br />$29,993,988.00 <br />LONG TERM LIABILITIES: <br />$16,142,099.00 <br />DEBIT/ NET WORTH: <br />0.54 <br />NET WORTH: <br />$57,909,819.00 <br />--- ----- - <br />-- - - ...--- — -------------- — ..- _...----... <br />ACCOUNTS RECEIVABLE TURNOVER: <br />-- <br />8.63 <br />TOTAL LIABILITIES: <br />$31,449,186.00 <br />----- ---- - — .... —...- —... <br />ACCOUNTS RECEIVABLE/TOTAL CURRENT ASSETS: <br />0.38 <br />ACCOUNTS PAYABLE/TOTAL CURRENT LIABILITIES: <br />- ------ — ... <br />0.30 <br />— <br />RECEIVABLES/PAYABLES: <br />3.74 <br />DAYS IN ACCOUNTS RECEIVABLE: <br />42.27 <br />ADJUSTMENTS <br />Line Item # - Description <br />Current <br />Adjustment Amount <br />Fixed Equipment <br />11 Detail is not Clear <br />$(38,221.00) <br />$0.00 $0.00 <br />16 Omit Goodwill <br />$0.00 <br />$(1,138,640.00) $0.00 <br />17 Due after 24 Months <br />$0.00 <br />$12,033,636.00 $0.00 <br />99 Omit Affiliates <br />$(2,780,332.00) <br />99 Reclassify to Current <br />$1,274,516.00 <br />$(1,274,516.00) <br />99 To 16 Long Term <br />$(500,970.00) <br />$500,970.00 <br />Page 1 of 2 <br />