[Solved]  Use appropriate numerical techniques to analyse all the data (not just accounting ratios)

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[Solved]  Use appropriate numerical techniques to analyse all the data (not just accounting ratios)

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.