Question #9 (10) Note: Any match of the words between any 2 papers will result o marks for both students. So, please answer in your own words. 1. What is an annual report? Briefly describe the key parts of the annual report 2. What is horizontal analysis, and how is a percentage change computed? 3. What is trend analysis, and how does it differ from horizontal analysis? 4. What is benchmarking, and what are the two main types of benchmarks in financial statement analysis? 5. What are some common red flags in financial statement analysis