Based on the Caribou Industrial Ltd$.($CI$)$ case in your Ivey course pack, you are to prepare a professional $2-$page letter addressed to Dr$.$ Frank Johnson.

You will write this letter as Heather Jacobson, CA$,$ CFA, CBV$,$ Partner with Hector, Block, & Jackson $($HBJ$)$ following the principles for a professional letter located in Week $7$ content.

The letter should be divided into sections analyzing the liquidity, asset management, long$-$term debt paying ability and profitability of CI with an emphasis on the financial improprieties that have taken place. The final section should make recommendations on what Dr$.$ Johnson should do next.

To determine the content of the letter and recommendations, you will have to complete a Ratio Table for $2001,2002,2003$ and Cash Flow Statements to include as backmatter.

Particular attention should be paid to professional language and tone around such a sensitive matter.