23 Feb Please do NOT answer the questions attached at the
Please do NOT answer the questions attached at the end of the case. The only questions I need answered are the two questions below: QUESTION : Project a pro-forma income statement, balance sheet, and statement of cash inflows and outflows for fiscal 1997 and 1998 for ONLY the new location, using the information presented in the case. Present the financials in Cayman Island dollars; do not translate into US dollars. The fiscal year starts June 1 and ends May 31. a.)Clearly show how your projected your revenues. Hint: use the regression equation shown in one of the exhibits to project revenues, but not profits, and adjust for the circumstances of the new shop. b.)State clearly any assumptions that you make to complete the financial statements. Ignore any foreign currency effects and income taxes. Please round to the nearest dollar. Make sure that any one financial statement is not split between two pages
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