Purpose: To use the Management Discussion and Analysis (MD&A) section of an annual report to evaluate corporate performance for the year. Addresses: www.ge.com/investor/ (or go to www.wiley.com/college/kimmel) Steps 1. From General Electric's Web site, choose the most recent annual report. 2. Choose financial section. 3. Download annual report. Instructions

(a) Compare current-year earnings with the previous year's earnings.

(b) What were some of management's explanations for the change in net earnings?

AppendixLO1