Chapter 1: Case 1.3 - Mattel: On page 38 of the textbook, complete the 4 questions. However, use Mattel's 2020 10K and not the 2013 as mentioned in the book. In addition to the four questions on page 38, answer these two questions:

5. Why did Retained Earnings drop in 2017 and again in 2018? To see 2017, you have to look at an older annual report.

6. What do you think about this decline in Retained Earnings? Do you see an interesting difference between the composition of the 2017 and 2018 reductions?