2017

Current Assets Non- Current Assets

Interest Receivables 16200 Land 855000

Cash 1708920 Building 1852200
Accounts Receivables 347400 Equipment and Tools 1718550
Notes Receivable 432000
Office Supplies 16200
Prepaid Insurance 702000

Current Liabilities Non- Current Liabilities

Accounts Payable 106200 Loan Payable 873000
Salaries Payable 22320
Unearned Revenue 162000

Equity

Mr. Hype, Capital 2836350

Mr. Hype, Drawing 31500

Income Expenses
Rent Income 3132000 Salaries Expense 165600
Consulting Revenue 1125702 Supplies Expense 22500
Bad Debts Expense 10800
Insurance Expense 342702
Miscellaneous Expense 11700
Utilities Expense 16650
Depreciation Expense 668250
Permits and Licenses 7650
Contra Assets
Accumulated Depreciation- Bldg. 262800
Accumulated Depreciation- Equip. 405450
 2016

Current Assets Non- Current Assets

Interest Receivables 21600 Land 495000

Cash 1210500 Building 2115000
Accounts Receivables 410400 Equipment and Tools 2124000
Notes Receivable 504000
Office Supplies 18900
Prepaid Insurance 606753

Current Liabilities Non- Current Liabilities

Accounts Payable 191700 Loan Payable 1080000
Salaries Payable 40320
Unearned Revenue 270000

Equity

Mr. Hype, Capital 2389500

Mr. Hype, Drawing 22500

Income Expenses
Rent Income 1036368 Salaries Expense 120600
Consulting Revenue 2857050 Supplies Expense 18000
Bad Debts Expense 20520
Insurance Expense 142200
Miscellaneous Expense 9900
Utilities Expense 12600
Depreciation Expense 668250
Permits and Licenses 12465
Contra Assets
Accumulated Depreciation- Bldg. 262800
Accumulated Depreciation- Equip. 405450
 Kah Hype Veterinary Clinic
Comparative Statement of Comprehensive Income
For the years ended December 31, 2017 and 2016

2017 2016
Consulting Revenues 3,132,000.00 2,857,050.00
Rent Income 1,125,702.00 1,036,368.00
Total Revenue 4,257,702.00 3,893,418.00
Less: Expense
Permits and Licenses 7,650.00 12,465.00
Salaries Expense 165,600.00 120,600.00
Supplies Expense 22,500.00 18,000.00
Bad Debts Expense 10,800.00 20,520.00
Insurance Expense 342,702.00 142,200.00
Miscellaneous Expense 11,700.00 9,900.00
Utilities Expense 16,650.00 12,600.00
Depreciation Expense 668,250.00 668,250.00
Net Income 3,011,850.00 2,888,883.00
3,011,850.00
1,245,852.00
1,004,535.00
2,888,883.00
 Kah Hype Veterinary Clinic
Comparative Statement of Financial Position
As of December 31, 2017 and 2016

2017 2016
Assets
Current Assets:
Cash 1,708,920.00 1,210,500.00
Accounts Receivable 347,400.00 410,400.00
Interest Receivable 16,200.00 21,600.00
Notes Receivable 432,000.00 504,000.00
Office Supplies 16,200.00 18,900.00
Prepaid Insurance 702,000.00 606,753.00
Total Current Assets 3,222,720.00 2,772,153.00
Non current Assets:
Land 855,000.00 495,000.00
Building 1,589,400.00 1,852,200.00
Accumulated Depreciation- Bldg. (262,800.00) (262,800.00)
Equipments 1,313,100.00 1,718,550.00
Accumulated Depreciation- Equip. (405,450.00) (405,450.00)
Total Non current Assets 3,757,500.00 3,397,500.00
TOTAL ASSETS 6,980,220.00 6,837,903.00
Liabilities and Owner's Equity
Current Liabilities:
Accounts Payale 106,200.00 191,700.00
Salaries Payable 22,320.00 40,320.00
Unearned Revenues 162,000.00 270,000.00
Total Current Liabilities 290,520.00 502,020.00
Non current Liabilities:
Loan Payable 873,000.00 1,080,000.00
Total Non current Assets 873,000.00 1,080,000.00
Total Liabilities 1,163,520.00 1,582,020.00
Mr. Hype, Capital 5,816,700.00 5,255,883.00
Total Liabilities and Owner's Equity 6,980,220.00 6,837,903.00
 Kah Hype Veterinary Clinic
Statement of Changes in Owner's Equity
For the Year Ended December 31, 2017.

Kah Hype, Capital- Beginning 2836350

Add: Net Income at the Year End 3011850
Total 5848200
Less: Drawing 31500
Kah Hype Capital- Ending 5816700

Kah Hype Veterinary Clinic

Statement of Changes in Owner's Equity
For the Year Ended December 31, 2016

Kah Hype, Capital- Beginning 2389500

Add: Net Income at the Year End 2888883
Total 5278383
Less: Drawing 22500
Kah Hype Capital- Ending 5255883
 Kah Hype Veterinary Clinic
Comparative Statement of Financial Position
As of December 31, 2017 and 2016

2017 2016 2017 2016

Assets
Current Assets:
Cash 1,708,920.00 1,210,500.00 24% 18%
Accounts Receivable 347,400.00 410,400.00 5% 6%
Interest Receivable 16,200.00 21,600.00 0.23% 0.32%
Notes Receivable 432,000.00 504,000.00 6% 7%
Office Supplies 16,200.00 18,900.00 0.23% 0.28%
Prepaid Insurance 702,000.00 606,753.00 10% 9%
Total Current Assets 3,222,720.00 2,772,153.00 46% 41%
Non current Assets:
Land 855,000.00 495,000.00 12% 7%
Building- Net. 1,589,400.00 1,852,200.00 23% 27%
Equipments- Net. 1,313,100.00 1,718,550.00 19% 25%
Total Non current Assets 3,757,500.00 4,065,750.00 54% 59%
TOTAL ASSETS 6,980,220.00 6,837,903.00 100% 100%

Liabilities and Owner's Equity

Current Liabilities:
Accounts payale 106,200.00 191,700.00 2% 3%
Salaries Payable 22,320.00 40,320.00 0.32% 1%
Unearned Revenues 162,000.00 270,000.00 2% 4%
Total Current Liabilities 290,520.00 502,020.00 4% 7%
Non current Liabilities:
Loan Payable 873,000.00 1,080,000.00 13% 16%
Total Non current Liabilities 873,000.00 1,080,000.00 13% 16%
Total Liabilities 1,163,520.00 1,582,020.00 17% 23%
Mr. Hype, Capital 5,816,700.00 5,255,883.00 83% 77%
Total Liabilities and Owner's Equity 6,980,220.00 6,837,903.00 100% 100%
 Kah Hype Veterinary Clinic
Comparative Statement of Comprehensive Income
For the years ended December 31, 2017 and 2016

2017 2016 2017 2016

Consulting Revenues 3,132,000.00 2,857,050.00 74% 73%
Rent Income 1,125,702.00 1,036,368.00 26% 27%
Total Revenue 4,257,702.00 3,893,418.00 100% 100%
Less: Salaries Expense 165,600.00 120,600.00 4% 3%
Permits and Licenses 7,650.00 12,465.00 0.25% 0.43%
Supplies Expense 22,500.00 18,000.00 1% 0%
Bad Debts Expense 10,800.00 20,520.00 0.25% 1%
Insurance Expense 342,702.00 142,200.00 8% 4%
Miscellaneous Expense 11,700.00 9,900.00 0.27% 0.25%
Utilities Expense 16,650.00 12,600.00 0.39% 0.32%
Depreciation Expense 668,250.00 668,250.00 16% 17%
Net Income 3,011,850.00 2,888,883.00 71% 74%
 FINANCIAL RATIOS
(1) WORKING CAPITAL
YEAR WORKING CAPITAL
2016 3,222,720.00 (184,320.00) 3,038,400.00
2017 2,772,153.00 (502,020.00) 2,270,133.00
(2) CURRENT RATIO
YEAR CURRENT RATIO
3,222,720.00
2017 11.09:1
290,520.00
2,772,153.00
2016 5.52:1
502,020.00
(3) ACID TEST RATIO
YEAR ACID TEST RATIO
2,504,520.00
2017 8.62:1
290,520.00
2,146,500.00
2016 4.28:1
502,020.00
(4) ACCOUNTS RECEIVABLE TURNOVER
4,257,702.00
11 TIMES
378,900.00
(5) INVENTORY TURNOVER
None for this company.

(6) DEBT RATIO

YEAR DEBT RATIO
1,163,520.00
2017 0.23:1
6,987,870.00
1,582,020.00
2016 0.17:1
6,850,368.00
(7) EQUITY RATIO
YEAR EQUITY RATIO
5,824,350.00
2017 0.83:1
6,987,870.00
5,268,348.00
2016 0.77:1
6,850,368.00
(8) DEBT TO EQUITY RATIO
YEAR DEBT TO EQUITY RATIO
1,163,520.00
2017 0.20:1
5,824,350.00
1,582,020.00
2016 0.30:1
 2016 0.30:1
5,268,348.00
(9) GROSS PROFIT RATIO
None for this company.

(10) RETURN ON INVESTMENT/RETURN ON EQUITY

YEAR ROI / ROE
3,019,500.00
2017 52%
5,824,350.00
2,901,348.00
2016 55%
5,268,348.00