Based on the Excel sheet you created, answer the following questions.

1. How well is the company doing?
2. How do you think the company could obtain a positive result (Describe ideas other than increasing sales (increasing income) or lowering labor costs (decreasing expenses))?

D23 fx A B E F 1 2 D International Moving Company Financing Needs 3 Month 4 January $ 5 February 6 March 7 April 8 May 9 June 10 July 11 August 12 Septembe 13 October 14 Novembe 15 Decembe Starting Balance Incomes Expenses 750,000.00 $ 1,209,081.00 $ 1,262,911.00 $ 696,170.00 1,163,811.00 1,381,881.00 478,100.00 1,300,660.00 1,250,143.00 528,617.00 1,229,207.00 1,209,498.00 548,326.00 1,248,369.00 1,355,232.00 441,463.00 1,196,118.00 1,260,888.00 376,693.00 1,162,970.00 1,242,599.00 297,064.00 1,195,824.00 1,368,955.00 123,933.00 1,305,669.00 1,235,604.00 193,998.00 1,224,741.00 1,383,254.00 35,485.00 1,159,644.00 1,411,768.00 (216,639.00) 1,210,000.00 1,540,000.00 Net (53,830.00) $ (218,070.00) 50,517.00 19,709.00 (106,863.00) (64,770.00) (79,629.00) (173,131.00) 70,065.00 (158,513.00) (252,124.00) (330,000.00 Ending Balance 696,170.00 478,100.00 528,617.00 548,326.00 441,463.00 376,693.00 297,064.00 123,933.00 193,998.00 35,485.00 (216,639.00) (546,639.00) (108,053.25) $ 70,065.00 $ (330,000.00) $ 246,380.92 696,170.00 (546,639.00) 16 Average $ 354,434.17 $ 1,217,174.50 $ 1,325,227.75 $ 17 Highest $ 750,000.00 $ 1,305,669.00 $ 1,540,000.00 $ 18 Lowest $ (216,639.00) $ 1,159,644.00 $ 1,209,498.00 $ 19 20 21 22 23 24 25 26 27 Financing Needs Formulas + > Ready + 100%