Use the Financial Analysts Journal "Value Destruction and Financial Reporting Decisions" by John R. Graham, Campbell R. Harvey & Shiva Rajgopal.

Get a copy of the latest quarterly report from Hawaiian Airlines to answer the questions below.

Question 2

(a) Identify the most important quarterly earnings benchmark for average managers from Graham et al. (2006).

(b) According to Graham et al. (2006), what additional benchmark matters to meet when numerous analysts follow a company?

(c) In your chosen companys most recent quarterly report, identify and explain against which benchmark the company evaluates its performance.

(d) Discuss the risks you believe might affect your chosen companys earnings and earnings benchmark. You need to show specific evidence for your answer.