Question # 2. Critically analyse the variance conditions when ratio analysis cannot be an efficient method for prudent financial decision making. (5 Marks) Question # 3. Assume that Al-Hassan Engineering Oman is involved in local and export business with subcontinent countries India, Pakistan and Bangladesh. In the tough domestic and international business competition, Al-Hassan Engineering is facing different industrial, international, domestic and firm-specific risks. Required: In view of facing above risks, what prudent strategies should be adopted by the management of Al-Hassan Engineering for its survival and consistent growth? (answer this question in bullets rather in paragraph) (10 Marks)