financial analysis

Aigle SA is a French company founded in 1853 as the Compagnie du Caoutchouc Souple (Flexible Rubber Company) in Montargis (France) by the American businessman Hiram Hutchinson. Aigle is one of the main French producers of synthetic raincoats. This company sells two product ranges - the fashion and the classic raincoat - through specialized supermarkets, internet and mail order companies (e.g., La Redoute, Les 3 Suisses). Most of the Aigle workforce is paid the minimum wage. Key figures for the latest three years are as follows (in million ), we suppose tax rate is equal to 30% : Question 1. What is your view on the economic and financial performance of Aigle? Question 2. Would you be of the same opinion if you had carried out an analysis beforehand of the company's value chain and simulated the impact of a crisis in 2012 ( 9% increase in labour costs due to introduction of a shorter working week with no reduction in wages, 40% rise in cost of raw materials due to the drop in the value of the euro against the dollar and the 2012 hike in the price of oil), with a 47\% drop in the price of cotton in 2011? As you are particularly concerned by the liquidity position, you obtain the more recent information from the cash flow statement of Ecco: Question 2. State your recommendations to improve the liquidity position of Ecco