Conduct a financial analysis using 4 types of financial ratios for three year period (include numbers for your industry or children’s nest)?
NEED IT in 3 hours
STATEMENT OF ASSETS, LIABILITIES AND STOCKHOLDER’S EQUITY
INCOME TAX BASIS
DECEMBER 31, 2019
ASSETS
CURRENT ASSETS
Cash $ 395,096
Employee Loan Receivable 3,526
Prepaid Expenses 60,869
Total Current Assets 459,491
PROPERTY AND EQUIPMENT, AT COST
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Leasehold Improvements 833,848
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Furniture, Fixtures & Toys 210,856
Vehicles 321,029
Equipment 259,482
Total 1,625,215
Less: Accumulated Depreciation (1,292,066)
Net Property and Equipment 333,149
OTHER ASSETS
Refundable Deposits 6,847
Non-Compete Agreements 11,944
Goodwill 11,944
Total 30,735
Total Assets $ 823,375
SEE ACCOMPANYING ACCOUNTANT’S COMPILATION REPORT
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STATEMENT OF ASSETS, LIABILITIES AND STOCKHOLDER’S EQUITY
INCOME TAX BASIS
December 31, 2019
LIABILITIES AND STOCKHOLDER’S EQUITY
CURRENT LIABILITIES
Employee Loan Payable
STOCKHOLDER’S EQUITY
Common Stock, $1 Par Value;
Authorized 5,000 Shares, Issued
and Outstanding 500 Shares
Retained Earnings-Income Tax Basis
Total Stockholder’s Equity
Total Liabilities and
Stockholders’ Equity
$ 2,643
–�–
500
820,232
820,732
$ 823,375
SEE ACCOMPANYING ACCOUNTANT’S COMPILATION REPORT
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REVENUES
STATEMENT OF REVENUES, EXPENSES AND
RETAINED EARNINGS-INCOME TAX BASIS
FOR THE YEAR ENDED December 31, 2019
D ay Care Fees and Programs
EXPENSES (See Schedule)
EXCESS OF REVENUES OVER EXPENSES
BEFORE OTHER INCOME
OTHER INCOME
Auto Reimbursements
EXCESS OF REVENUES OVER EXPENSES
RETAINED EARNINGS, BEGINNING OF YEAR –
INCOME TAX BASIS
STOCKHOLDER DISTRIBUTIONS
RETAINED EARNINGS, END OF YEAR –
INCOME TAX BASIS
$ 4,508,662
$
(3,778,117)
730,545
5,396
735,941
728,403
644,112)
820,232
SEE ACCOMPANYING ACCOUNTANT’S COMPILATION REPORT
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EXPENSES
STATEMENT OF REVENUES, E XPENSES AND
RETAINED EARNINGS-INCOME TAX BASIS
FOR THE YEAR ENDED December 31, 2019
Accreditation
Advertising
Bank Charges
Children’s Activities
Conferences
Contract Services
Depreciation
Director’s Fees
Dues and Subscriptions
Fire Safety
Gifts
Groceries
Insurance
Lawn Care
Legal and Accounting
Licenses
Loss on Fixed Asset Disposals
Maintenance and Repairs
Meals
Non-Compete Agreement and
Goodwill Amortization
Office Expense
Payroll Processing
Pest Control
Postage
Recruitment and Training
Rent
Salaries-Officers
Salaries-Other
Supplies
Taxes-Other
Taxes-Payroll
Telephone
Utilities
Vehicle Expenses
Total Expenses
$ 3,560
2,084
12,341
32,560
1,520
9,036
104,749
30,000
724
8,048
7,246
321,563
237,835
41,355
52,211
3,046
18,965
125,684
1,230
6,667
57,121
10,825
9,081
90
1,904
109,872
308,264
1,841,202
82,372
3,869
169,612
19,805
93,445
50,231
$ 3,778,117
SEE ACCOMPANYING ACOUNTANT’S COMPILATION RE PORT
