This study analyzed the financial information collected from 27 veterinary practices by students taking a course in Veterinary Economics and Practice Management. This report is designed so that the veterinarian can compare financial information from his practice with those included in this report in order to make more intelligent and profitable management decisions. This report analyzed the income and expense data by type and size of practice. Generally speaking, the practices were well managed. Increased profits would result from more rapid turnover of the drug inventory, improved collection procedures and the itemization of income. The latter would result in more effective cost control and indicative which areas of the practice should be expanded or discontinued. Methods to implement these procedures were discussed in detail. Practice efficiency factors were computed and compared with a set of normal values. These standards will be revised as additional information is collected and analyzed from other successful practices. This will help veterinarians in analyzing their own practices and permit them to make more intelligent and profitable management decisions.