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Here you are required to present a report with the appropriate use of numerical techniques to analyse the data and possible causes for the decline in ETCO’s profits over past 3 years. You are further required to recommend appropriate strategies that could be used to enhance performance and profitability to the BOD. Support your report with relevant recommendations.
Your report you should: · Use appropriate numerical techniques to analyse all the data (not just accounting ratios) · Identify possible causes for the decline in ETCO’s profits over the last three years. · Recommend to the Board of Directors appropriate strategies which could be used to improve the performance and profitability of ETCO in future years. · Support your recommendations with relevant theories. 2. Knowledge and Understanding Show a clear understanding of: -Ratio analysis -Revenue, cost and profit -Management and leadership styles -Training, financial and non-financial incentives -Motivation theories 3.Application Make use of data related to ETCO. This may involve: -Calculating appropriate accounting ratios -Calculating employee efficiency measures 4.Analysis Explain clearly: -The significance of results gained from quantitative analysis -How and why ETCO might use techniques to improve worker motivation -How and why ETCO might use marketing or cost-reduction techniques to improve profitability 5.Evaluation -Make a supported judgement on the best way to improve performance and profitability. -Which motivational factor is the most important factor to improve labour efficiency. -The most important factor (s) influencing, measuring and improving ETCO’s performance and profitability.