Management Discussion and Analysis

Using Items 1& 7 of the 10-K and the annual report of crocs, respond to what is asked below in detail. Comments should be about ONE to ONE & HALF pages.

A. What is the tone of the item 7? What major items are mentioned?

B. What does management say their goals are?

C. Does management talk about any challenges they had?

D. Does management specifically talk about any significant changes in their financial statements?

E. Does management specifically talk about their liquidity* or debt position? *Liquidity is the companys ability to pay its short-term debt.

F. Does management talk about the future? If so, what do they say?