Suppose at year end, Andrew's management determines that it will not meet its net earnings projection for the year. In order to meet that projection, management decides to overstate the inventory and to understate the cost of goods sold. Evaluate the ethical implications of management's actions. Management is properly smoothing earnings using an acceptable business strategy Management is using generally accepted aggressive accounting principles. Management has engaged in fraudulent financial reporting practices Management is conforming to GAAP as long as it discloses the reclassification of accounts in its footnotes