Obtain annual reports from three corporations in the same primary industry. Using techniques you learned in this chapter and any analysis you consider useful, respond to the following questions:1.Are there differences in accounting methods that should be taken into account when making comparisons?2.How do earnings trends compare in terms of both the direction and stability of income?3.Which of the three firms had the greatest earnings relative to resources available?4.Which corporation has made most effective use of financial leverage?5.Of the three firms, which seems riskiest in terms of its ability to pay short-term obligations? Long-term obligations?Note:You can obtain copies of annual reports from friends who are shareholders, from the investor relations department of the corporations, from a friendly stockbroker, or from EDGAR (Electronic Data Gathering, Analysis, and Retrieval) on the Internet (www.sec.gov).