Review the financial information that you have entered so far in your business plan. You will be using this information to complete your Financial Ratios Paper. If necessary, make additional edits to these sections by updating the financial information listed on the Forecast tab.

Writea 700- to 1,050-word paper using information from the "Financial Plan" and "Appendix" sections of your LivePlan Business Plan. Be sure to address the following in your paper:

1. Analyze the profitability, liquidity, debt management, and asset management of your company to its industry averages for the last three years of your projections; discuss the various trends and changes (Use the D& B resource in the UOP Library- you can access the D& B resources through the UOP Library -Company Directories and Financials.)
2. Compute profitability, liquidity, debt management, and asset management; and discuss the strengths and weaknesses shown using these computations over the three years of projections..

727 Inc Executive Summary 727 Inc 727 Inc is a Buffalo Gastropub specializing in craft beer and new age pub food. Food and Beer We offer 50 craft beers on tap. 10 of them from local western new York breweries. Our food menu specializes in fresh game burgers. Such as Elk, Venison, Ostrich, Duck and Buffalo Meat. We also have the best mac and cheese in western new York. The award winning recipe can be used to mac any kind of mac and cheese that you can think of. From Jalapeno Cheddar Mac to Lobster to Soft Pretzel Mac. All of which pair nicely with Our craft brew on tap. 30 something financially mobile people We cater to the upwardly mobile 30 something crowd that has a small disposable income and the taste to spend it wisely. 600,000 Financial Highlights As you can see from the graph below our first year at 727 Inc has been a great success. Our revenue has climbed to almost 800,000 dollars. B keeping our costs down and using our vendors frugally we have managed to Net over 600,000. 1 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Financial Highlights by Year 2 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc We expect to cover all opening costs and turn a small profit in 9 months time. Financial Highlights by Year Financing Needed The business is already self sufficient having grossed 17K in the first week of operation 3 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Company Company Overview Company History Management Team 4 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Products and Services Products and Services Competitors 5 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Target Market Market Overview Market Needs 6 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Strategy and Implementation Marketing Plan Overview Positioning Pricing Promotion Distribution Milestones Milestone Due Date 7 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Financial Plan Revenue Forecast Revenue Forecast 8 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc 2016 2017 2018 $3,840,000 $3,840,000 $3,840,000 $4,601,700 $3,840,000 $3,840,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $4,595,700 $3,834,000 $3,834,000 Revenue Test Credit Card Sales Total Revenue $761,700 Direct Cost Gas Bill Direct Labor Total Direct Cost Gross Margin 9 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Gross Margin % 100% 100% 100% Revenue by Month About the Revenue Forecast Our Financial goals are to pay back all of the opening costs associated with getting open. We do expect to turn a solid profit in 9 months. We have used a small budget to advertise on local radio stations as well as the free press that is handed out in the neighborhood. 10 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Personnel Plan Personnel Table Pres Total 2016 2017 2018 $48,000 $48,000 $48,000 $48,000 $48,000 $48,000 11 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc About the Personnel Plan Budget Budget Table 2016 2017 2018 $48,000 $48,000 $48,000 $9,600 $9,600 $9,600 $19,200 $19,200 $19,200 $1,800 $1,800 $1,800 $78,600 $78,600 $78,600 Operating Expenses Salary Employee Related Expenses Utilities Office Supplies Insurance Total Operating Expenses 12 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Expenses by Month 13 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc About the Budget Starting Balances 14 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Assets Cash $200,000 Accounts Receivable Inventory Long-Term Assets $0 $80,000 $150,000 Accumulated Depreciation $0 Liabilities Accounts Payable Corporate Taxes Payable Sales Taxes Payable $15,000 15 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Short-Term Debt Long-Term Debt Capital Paid-In Capital Retained Earnings $415,000 16 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Cash Flow Assumptions Cash Flow Assumptions 17 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Cash Inflow % of Sales on Credit 100% Avg Collection Period (Days) 30 Cash Outflow % of Purchases on Credit 83% Avg Payment Delay (Days) 15 Inventory Months to Keep on Hand 0 Minimum Inventory Purchase $0 18 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc About the Cash Flow Assumptions Loans and Investments Loans and Investments Table 2016 2017 2018 Total Amount Received Sources of Funds Use of Funds 19 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Financial Statements Profit and Loss Statement Profit and Loss Statement 20 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Revenue Direct Costs Gross Margin Gross Margin % 2016 2017 2018 $4,601,700 $3,840,000 $3,840,000 $6,000 $6,000 $6,000 $4,595,700 $3,834,000 $3,834,000 100% 100% 100% $48,000 $48,000 $48,000 $9,600 $9,600 $9,600 $19,200 $19,200 $19,200 $1,800 $1,800 $1,800 Operating Expenses Salary Employee Related Expenses Utilities Office Supplies Insurance 21 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Total Operating Expenses Operating Income $78,600 $78,600 $78,600 $4,517,100 $3,755,400 $3,755,400 $30,000 $30,000 $30,000 $392,621 $325,973 $325,972 $507,221 $440,573 $440,572 $4,094,479 $3,399,427 $3,399,428 89% 89% 89% Interest Incurred Depreciation and Amortization Income Taxes Total Expenses Net Profit Net Profit / Sales 22 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Gross Margin by Year Net Profit (or Loss) by Year 23 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc About the Profit and Loss Statement Balance Sheet Balance Sheet 24 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc As of Period's End Cash Accounts Receivable Inventory Starting Balances 2016 2017 2018 $200,000 $3,931,346 $7,446,998 $10,876,420 $0 $414,500 $320,000 $320,000 $80,000 $80,000 $80,000 $80,000 $280,000 $4,425,846 $7,846,998 $11,276,420 $150,000 $150,000 $150,000 $150,000 $0 ($30,000) ($60,000) ($90,000) $150,000 $120,000 $90,000 $60,000 Other Current Assets Total Current Assets Long-Term Assets Accumulated Depreciation Total Long-Term Assets 25 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Total Assets $430,000 $4,545,846 $7,936,998 $11,336,420 $934 $928 $922 $35,433 $27,164 $27,164 $15,000 $0 $0 $0 $15,000 $36,367 $28,092 $28,086 $15,000 $36,367 $28,092 $28,086 Accounts Payable Income Taxes Payable Sales Taxes Payable Short-Term Debt Prepaid Revenue Total Current Liabilities Long-Term Debt Total Liabilities Paid-in Capital 26 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Retained Earnings $415,000 Earnings $415,000 $4,509,479 $7,908,906 $4,094,479 $3,399,427 $3,399,428 Total Owner's Equity $415,000 $4,509,479 $7,908,906 $11,308,334 Total Liabilities & Equity $430,000 $4,545,846 $7,936,998 $11,336,420 27 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc About the Balance Sheet Cash Flow Statement Cash Flow Statement 28 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc 2016 2017 2018 $4,094,479 $3,399,427 $3,399,428 $30,000 $30,000 $30,000 ($414,500) $94,500 $0 $0 $0 $0 $934 ($6) ($6) $35,433 ($8,269) $0 ($15,000) $0 $0 Net Cash Flow from Operations Net Profit Depreciation and Amortization Change in Accounts Receivable Change in Inventory Change in Accounts Payable Change in Income Tax Payable Change in Sales Tax Payable Change in Prepaid Revenue 29 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Net Cash Flow from Operations $3,731,346 $3,515,652 $3,429,422 $200,000 $3,931,346 $7,446,998 $3,731,346 $3,515,652 $3,429,422 Investing & Financing Assets Purchased or Sold Investments Received Change in Long-Term Debt Change in Short-Term Debt Dividends & Distributions Net Cash Flow from Investing & Financing Cash at Beginning of Period Net Change in Cash 30 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Cash at End of Period $3,931,346 $7,446,998 $10,876,420 Cash Flow by Month 31 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Cash Flow by Year About the Cash Flow Statement 32 CONFIDENTIAL - DO NOT DISSEMINATE. This business plan contains confidential, 727 Inc Appendix Revenue Forecast Revenue Forecast Table (With Monthly Detail) 33 727 Inc 2016 Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 $38,700 $38,700 $41,300 $45,500 $53,200 $58,700 $69,400 $74,900 $75,700 $83,400 $87,700 $94,500 $320,000 $320,000 $320,000 $320,000 $320,000 $320,000 $320,000 $320,000 $320,000 $320,000 $320,000 $320,000 $358,700 $358,700 $361,300 $365,500 $373,200 $378,700 $389,400 $394,900 $395,700 $403,400 $407,700 $414,500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 Revenue Test Credit Card Sales Total Revenue Direct Cost Gas Bill 34 727 Inc Direct Labor Total Direct Cost Gross Margin Gross Margin % $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $358,200 $358,200 $360,800 $365,000 $372,700 $378,200 $388,900 $394,400 $395,200 $402,900 $407,200 $414,000 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 35 727 Inc 2016 2017 2018 $3,840,000 $3,840,000 $3,840,000 $4,601,700 $3,840,000 $3,840,000 $6,000 $6,000 $6,000 Revenue Test Credit Card Sales Total Revenue $761,700 Direct Cost Gas Bill Direct Labor 36 727 Inc Total Direct Cost Gross Margin Gross Margin % $6,000 $6,000 $6,000 $4,595,700 $3,834,000 $3,834,000 100% 100% 100% 37 727 Inc Personnel Plan Personnel Table (With Monthly Detail) 2016 Pres Total Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 38 727 Inc Pres Total 2016 2017 2018 $48,000 $48,000 $48,000 $48,000 $48,000 $48,000 39 727 Inc Budget Budget Table (With Monthly Detail) 40 727 Inc 2016 Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 Operating Expenses Salary Employee Related Expenses Utilities Office Supplies Insurance 41 727 Inc Total Operating Expenses $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 42 727 Inc 2016 2017 2018 $48,000 $48,000 $48,000 $9,600 $9,600 $9,600 $19,200 $19,200 $19,200 $1,800 $1,800 $1,800 Operating Expenses Salary Employee Related Expenses Utilities Office Supplies Insurance 43 727 Inc Total Operating Expenses $78,600 $78,600 $78,600 Loans and Investments Loans and Investments Table (With Monthly Detail) 2016 Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 Total Amount Received 44 727 Inc 2016 2017 2018 Total Amount Received 45 727 Inc Profit and Loss Statement Profit and Loss Statement (With Monthly Detail) 46 727 Inc 2016 Revenue Direct Costs Gross Margin Gross Margin % Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 $358,700 $358,700 $361,300 $365,500 $373,200 $378,700 $389,400 $394,900 $395,700 $403,400 $407,700 $414,500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $358,200 $358,200 $360,800 $365,000 $372,700 $378,200 $388,900 $394,400 $395,200 $402,900 $407,200 $414,000 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 Operating Expenses Salary 47 727 Inc Employee Related Expenses $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 Insurance $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 Total Operating Expenses $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 $6,550 Operating Income $351,650 $351,650 $354,250 $358,450 $366,150 $371,650 $382,350 $387,850 $388,650 $396,350 $400,650 $407,450 Utilities Office Supplies Interest Incurred 48 727 Inc Depreciation and Amortization Income Taxes Total Expenses Net Profit Net Profit / Sales $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $30,551 $30,550 $30,778 $31,146 $31,819 $32,301 $33,237 $33,718 $33,788 $34,462 $34,838 $35,433 $40,101 $40,100 $40,328 $40,696 $41,369 $41,851 $42,787 $43,268 $43,338 $44,012 $44,388 $44,983 $318,599 $318,600 $320,972 $324,804 $331,831 $336,849 $346,613 $351,632 $352,362 $359,388 $363,312 $369,517 89% 89% 89% 89% 89% 89% 89% 89% 89% 89% 89% 89% 49 727 Inc Revenue Direct Costs Gross Margin Gross Margin % 2016 2017 2018 $4,601,700 $3,840,000 $3,840,000 $6,000 $6,000 $6,000 $4,595,700 $3,834,000 $3,834,000 100% 100% 100% $48,000 $48,000 $48,000 $9,600 $9,600 $9,600 Operating Expenses Salary Employee Related Expenses 50 727 Inc Utilities $19,200 $19,200 $19,200 $1,800 $1,800 $1,800 $78,600 $78,600 $78,600 $4,517,100 $3,755,400 $3,755,400 $30,000 $30,000 $30,000 $392,621 $325,973 $325,972 Office Supplies Insurance Total Operating Expenses Operating Income Interest Incurred Depreciation and Amortization Income Taxes 51 727 Inc Total Expenses Net Profit Net Profit / Sales $507,221 $440,573 $440,572 $4,094,479 $3,399,427 $3,399,428 89% 89% 89% 52 727 Inc Balance Sheet Balance Sheet (With Monthly Detail) 53 727 Inc As of Period's End Cash Accounts Receivable Inventory Starting Balances Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 $200,000 $178,884 $499,983 $821,083 $1,144,555 $1,471,859 $1,806,190 $2,145,539 $2,494,652 $2,848,784 $3,203,646 $3,565,534 $3,931,346 $0 $358,700 $358,700 $361,300 $365,500 $373,200 $378,700 $389,400 $394,900 $395,700 $403,400 $407,700 $414,500 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $280,000 $617,584 $150,000 $150,000 Other Current Assets Total Current Assets Long-Term Assets $938,683 $1,262,383 $1,590,055 $1,925,059 $2,264,890 $2,614,939 $2,969,552 $3,324,484 $3,687,046 $4,053,234 $4,425,846 $150,000 $150,000 $150,000 $150,000 $150,000 $150,000 $150,000 $150,000 $150,000 $150,000 54 $150,000 727 Inc Accumulated Depreciation $0 ($2,500) ($5,000) ($7,500) ($10,000) ($12,500) ($15,000) ($17,500) ($20,000) ($22,500) ($25,000) ($27,500) ($30,000) Total LongTerm Assets $150,000 $147,500 $145,000 $142,500 $140,000 $137,500 $135,000 $132,500 $130,000 $127,500 $125,000 $122,500 $120,000 Total Assets $430,000 $765,084 $1,083,683 $1,404,883 $1,730,055 $2,062,559 $2,399,890 $2,747,439 $3,099,552 $3,451,984 $3,812,046 $4,175,734 $4,545,846 Accounts Payable Income Taxes Payable Sales Taxes Payable $15,000 $934 $934 $934 $934 $934 $934 $934 $934 $934 $934 $934 $934 $30,551 $30,550 $30,778 $31,146 $31,819 $32,301 $33,237 $33,718 $33,788 $34,462 $34,838 $35,433 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 55 727 Inc Short-Term Debt Prepaid Revenue Total Current Liabilities $15,000 $31,485 $31,484 $31,712 $32,080 $32,753 $33,235 $34,171 $34,652 $34,722 $35,396 $35,772 $36,367 $15,000 $31,485 $31,484 $31,712 $32,080 $32,753 $33,235 $34,171 $34,652 $34,722 $35,396 $35,772 $36,367 $415,000 $415,000 $415,000 $415,000 $415,000 $415,000 $415,000 $415,000 $415,000 $415,000 $415,000 $415,000 $415,000 Long-Term Debt Total Liabilities Paid-in Capital Retained Earnings 56 727 Inc Earnings $318,599 $637,199 $958,171 $1,282,975 $1,614,806 $1,951,655 $2,298,268 $2,649,900 $3,002,262 $3,361,650 $3,724,962 $4,094,479 Total Owner's Equity $415,000 $733,599 $1,052,199 $1,373,171 $1,697,975 $2,029,806 $2,366,655 $2,713,268 $3,064,900 $3,417,262 $3,776,650 $4,139,962 $4,509,479 Total Liabilities & Equity $430,000 $765,084 $1,083,683 $1,404,883 $1,730,055 $2,062,559 $2,399,890 $2,747,439 $3,099,552 $3,451,984 $3,812,046 $4,175,734 $4,545,846 57 727 Inc As of Period's End Cash Accounts Receivable Inventory Starting Balances 2016 2017 2018 $200,000 $3,931,346 $7,446,998 $10,876,420 $0 $414,500 $320,000 $320,000 $80,000 $80,000 $80,000 $80,000 $280,000 $4,425,846 $7,846,998 $11,276,420 $150,000 $150,000 $150,000 $150,000 $0 ($30,000) ($60,000) ($90,000) Other Current Assets Total Current Assets Long-Term Assets Accumulated Depreciation 58 727 Inc Total Long-Term Assets $150,000 $120,000 $90,000 $60,000 Total Assets $430,000 $4,545,846 $7,936,998 $11,336,420 $934 $928 $922 $35,433 $27,164 $27,164 $15,000 $0 $0 $0 $15,000 $36,367 $28,092 $28,086 Accounts Payable Income Taxes Payable Sales Taxes Payable Short-Term Debt Prepaid Revenue Total Current Liabilities 59 727 Inc Long-Term Debt Total Liabilities $15,000 $36,367 $28,092 $28,086 $415,000 $415,000 $4,509,479 $7,908,906 $4,094,479 $3,399,427 $3,399,428 Paid-in Capital Retained Earnings Earnings Total Owner's Equity $415,000 $4,509,479 $7,908,906 $11,308,334 Total Liabilities & Equity $430,000 $4,545,846 $7,936,998 $11,336,420 60 727 Inc Cash Flow Statement Cash Flow Statement (With Monthly Detail) 61 727 Inc 2016 Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 $318,599 $318,600 $320,972 $324,804 $331,831 $336,849 $346,613 $351,632 $352,362 $359,388 $363,312 $369,517 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 ($358,700) $0 ($2,600) ($4,200) ($7,700) ($5,500) ($10,700) ($5,500) ($800) ($7,700) ($4,300) ($6,800) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Net Cash Flow from Operations Net Profit Depreciation and Amortization Change in Accounts Receivable Change in Inventory 62 727 Inc Change in Accounts Payable Change in Income Tax Payable Change in Sales Tax Payable $934 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $30,551 ($1) $228 $368 $673 $482 $936 $481 $70 $674 $376 $595 ($15,000) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 ($21,116) $321,099 $321,100 $323,472 $327,304 $334,331 $339,349 $349,113 $354,132 $354,862 $361,888 $365,812 Change in Prepaid Revenue Net Cash Flow from Operations Investing & Financing 63 727 Inc Assets Purchased or Sold Investments Received Change in Long-Term Debt Change in Short-Term Debt Dividends & Distributions Net Cash Flow from Investing & Financing 64 727 Inc Cash at Beginning of Period $200,000 $178,884 $499,983 $821,083 $1,144,555 $1,471,859 $1,806,190 $2,145,539 $2,494,652 $2,848,784 $3,203,646 $3,565,534 Net Change in Cash ($21,116) $321,099 $321,100 $323,472 $327,304 $334,331 $339,349 $349,113 $354,132 $354,862 $361,888 $365,812 $178,884 $499,983 Cash at End of Period $821,083 $1,144,555 $1,471,859 $1,806,190 $2,145,539 $2,494,652 $2,848,784 $3,203,646 $3,565,534 $3,931,346 65 727 Inc 2016 2017 2018 $4,094,479 $3,399,427 $3,399,428 $30,000 $30,000 $30,000 ($414,500) $94,500 $0 $0 $0 $0 $934 ($6) ($6) $35,433 ($8,269) $0 Net Cash Flow from Operations Net Profit Depreciation and Amortization Change in Accounts Receivable Change in Inventory Change in Accounts Payable Change in Income Tax Payable 66 727 Inc Change in Sales Tax Payable ($15,000) $0 $0 $3,731,346 $3,515,652 $3,429,422 Change in Prepaid Revenue Net Cash Flow from Operations Investing & Financing Assets Purchased or Sold Investments Received Change in Long-Term Debt Change in Short-Term Debt 67 727 Inc Dividends & Distributions Net Cash Flow from Investing & Financing Cash at Beginning of Period Net Change in Cash Cash at End of Period $200,000 $3,931,346 $7,446,998 $3,731,346 $3,515,652 $3,429,422 $3,931,346 $7,446,998 $10,876,420 68