After reviewing the sample Profit and Loss Statement in the FDIC Money Smart for Small Businesses Participant Guide for Larry's Landscaping

Sample P&L for Larry.pdf Sample P&L for Larry.pdf $-$ Alternative Formats $($page $15)$ answer the following questions:

$1.$ Are there any problems that stand out to you?

$2.$What might Larry do to improve his financial management?

$3.$Will the business be able to support Larry, the owner?

$4.$f you were a lender would you extend a loan to Larry based on this Profit and Loss Statement?

$5.$Is there growth potential for this business? If not what should be done?

To complete this assignment, thoroughly answer each question with supporting evidence. Remember to use APA style for citing any resources used and please proofread your work before submitting it$.$Larry's Landscaping & Garden Supply

Profit & Loss

October $2011$ through September $2012$

Oct $\text{'}11-$ Sep $12$

Ordinary Income$/$Expense

Income

Landscaping Services

Markup Income

Retail Sales

Service

Total Income

Cost of Goods Sold

Cost of Goods Sold

Total coGs

Gross Profit

Expense

Payroll Expenses

Automobile

Bank Service Charges

Delivery Fee

Insurance

Interest Expense

Job Expenses

Mileage Reimbursement

Professional Fees

Rent

Repairs

Tools and Misc. Equipment

Uncategorized Expenses

Utilities

Total Expense

Net Ordinary Income

Other Income$/$Expense

Other Income

Misc Income

Interest Income

Total Other Income

Net Other Income

Net Income

Oct $\text{'}11-$ Sep $12$

$61,478\mathrm{.}14$

$37,820\mathrm{.}65$

$738\mathrm{.}05$

$73\mathrm{.}50$

$15\mathrm{.}00$

$1,835\mathrm{.}00$

$470\mathrm{.}91$

$2,427\mathrm{.}25$

$0\mathrm{.}00$

$375\mathrm{.}00$

$2,400\mathrm{.}00$

$45\mathrm{.}00$

$735\mathrm{.}00$

$0\mathrm{.}00$

$655\mathrm{.}55$

$47,590\mathrm{.}91$

$13,887\mathrm{.}23$

$762\mathrm{.}50$

$91\mathrm{.}11$

$853\mathrm{.}61$

$853\mathrm{.}61$

$14,740\mathrm{.}84$