CHAPTER1 Financial Statements 39 Case 1.4 Biolase, Inc. Excerpts from the Management Discussion and Analysis of Financial Condition and Results of Operations (MD&A) of the Biolase, Inc., 2013 Form 10-K are found on pages 39-46. 4 Required (a) Why is the MD&A section of the annual report useful to the financial analyst? What types of information can be found in this section? (b) Using the excerpts from the MD&A of the Biolase, Inc. 2013 Form 10-K, discuss whether each of the items that should be discussed in an MD&A are, in fact, presented in this section. Give examples to support your answer. (c) Evaluate the overall quality of the information presented by Biolase Inc. in the MD&A. (d) Based on this section only, what is your assessment of the prospects company? CHAPTER1 Financial Statements 39 Case 1.4 Biolase, Inc. Excerpts from the Management Discussion and Analysis of Financial Condition and Results of Operations (MD&A) of the Biolase, Inc., 2013 Form 10-K are found on pages 39-46. 4 Required (a) Why is the MD&A section of the annual report useful to the financial analyst? What types of information can be found in this section? (b) Using the excerpts from the MD&A of the Biolase, Inc. 2013 Form 10-K, discuss whether each of the items that should be discussed in an MD&A are, in fact, presented in this section. Give examples to support your answer. (c) Evaluate the overall quality of the information presented by Biolase Inc. in the MD&A. (d) Based on this section only, what is your assessment of the prospects company