"Tesco: From Troubles to Turnaround". Based on your financial analysis of Tesco (income statement, balance sheet and the ratios below), what strategies should be employed for improvement?

Liquidity ratios:

Current Ratio (from 2011-2016) 0.68 0.67 0.69 0.73 0.6 0.75

Quick Ratio (from 2011-2016) 0.3 0.32 0.29 0.27 0.25 0.34

Cash Ratio (from 2011 to 2016) 0.2 0.186 0.16 0.17 0.15 0.34

Profitability ratios

Gross Profit Margin (2011-2016) 8.48 8.15 6.31 6.3 -3.39 5.24

Operating Profit Margin (2011-2016) 4.69 4.3 3.37 4.14 -9.3 1.92

NPM(2011-2016) 4.39 4.34 0.19 1.53 -9.22 0.25

ROE (2012-2016) 16.35 0.72 6.21 -52.7 1.76

ROA (2012-2016) 5.73 0.24 1.94 -12.16 0.31

Solvency ratios

Debt/Equity(2011-2016) 1.85 1.86 2.01 2.41 5.25 4.09

Debt/Assets(2011-2016) 0.65 0.65 0.67 0.71 0.84 0.8

Interest Coverage Ratio (2011-2016) 8.83 10.19 5.4 6.05 -11.17 1.32

Activity Ratios (all ratios are from 2011/12-2015/16)

Inventory Turnover 17.54 16.54 16.27 19.71 19.15

Days' Sales in Inventory 20.81 22.06 22.43 18.52 19.06

Receivables Turnover 25.88 25.01 26.96 28.89

Days' Sales in Receivables 14.1 14.59 13.53 12.63

Payables Turnover 10.16 10.14 10 11.69 10.61

Days' Sales in Payables 35.92 35.99 36.5 31.22 34.4

Total Asset Turnover 1.32 1.28 1.26 1.32 1.23

Fixed Asset Turnover 2.39 2.47 2.57 2.77 2.84