Executive Summary - A very important document that summarizes the pertinent or main reasons of your team's decision or recommendation on which restaurant to buy. Half to a page of summary is the maximum. (Check out from the Internet what is an Executive Summary). Number your report and include a Table of Content, as above Minimum 1,000 to maximum 1,500 to 2,000 words, excluding Appendix. Font: Aerial: 11. Hint: a) Prepare and analyze the statement of cash flows with respect to Operating, Investing and Financing activities of both the restaurants for the year 2019 and 2020. How is the cash flow position now and the future, investment prospect and how the restaurants are being financed? Project your cashflows to the future and determine the feasibility of your client's investment in either restaurant by comparing with the current asking price. b) Prepare a vertical analysis of the balance sheet and income statements and a horizontal analysis of income statement of both restaurants. Compare and discussion on the restaurant's performance with respect to sales, cost, expenses and etc. Refer to Digital company for guidance. Work out the ratios (liquidity, asset management, debt leverage, profitability and investment ratio) for both restaurants and compare the findings. Discuss them in the report. c) d) Look at other non-quantitative factors such as location, patrons, students' internship program, average age of employees, building, parking, operating hours and others to support your analysis to making the final recommendations. Discuss these factors in the report. e) Determine how to present the information to your client. How to organize and present the information on the report? Refer to Table of Content for guidance. (Remember: What is in the report is a reflection of you as a professional. Communication skills are highly required and ranked in today's working environment - irrespective of any professions) f) State the assumptions if your plan to use in your analysis such as the rate of investment return. g) The different valuation methods or analysis used and what are their limitations. Executive Summary - A very important document that summarizes the pertinent or main reasons of your team's decision or recommendation on which restaurant to buy. Half to a page of summary is the maximum. (Check out from the Internet what is an Executive Summary). Number your report and include a Table of Content, as above Minimum 1,000 to maximum 1,500 to 2,000 words, excluding Appendix. Font: Aerial: 11. Hint: a) Prepare and analyze the statement of cash flows with respect to Operating, Investing and Financing activities of both the restaurants for the year 2019 and 2020. How is the cash flow position now and the future, investment prospect and how the restaurants are being financed? Project your cashflows to the future and determine the feasibility of your client's investment in either restaurant by comparing with the current asking price. b) Prepare a vertical analysis of the balance sheet and income statements and a horizontal analysis of income statement of both restaurants. Compare and discussion on the restaurant's performance with respect to sales, cost, expenses and etc. Refer to Digital company for guidance. Work out the ratios (liquidity, asset management, debt leverage, profitability and investment ratio) for both restaurants and compare the findings. Discuss them in the report. c) d) Look at other non-quantitative factors such as location, patrons, students' internship program, average age of employees, building, parking, operating hours and others to support your analysis to making the final recommendations. Discuss these factors in the report. e) Determine how to present the information to your client. How to organize and present the information on the report? Refer to Table of Content for guidance. (Remember: What is in the report is a reflection of you as a professional. Communication skills are highly required and ranked in today's working environment - irrespective of any professions) f) State the assumptions if your plan to use in your analysis such as the rate of investment return. g) The different valuation methods or analysis used and what are their limitations