Management's Discussion and Analysis" (MD&A) is required in annual reports filed with the Securities and Exchange Commission. Typical items to include are all of the following except 1. management's analysis of current operations. 2. a pending lawsuit. 3. a change in accounting principle 4. the balance in Retained Earnings When a Balance Sheet presents each asset as a percent of Total Assets this is called 1. Horizontal Analysis 2. Vertical Analysis 3. Proportionate Analysis 4. Monte Carlo simulation Evaluate the following equation as true or false: Working Capital Current Assets (except inventory and marketable securities)-Current Liabilities 1. True 2. False The cash payback method emphasizes cash flows in the earlier years of a project in determining the cash payback period. 1. True 2. False All of the following are features of a Lean Manufacturing system except 1. smaller batch sizes 2. a centralized maintenance location 3. employee involvement 4. decreasing the time to move people and materials