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Comparing annual reports from multiple years


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I used to get lost reading annual reports. But now I'm very comfortable reading them cover to cover.


My question is that how do you compare an AR from one year to the one in the previous year? What is a good way to look for subtle or significant changes? Or is there no better way to do it then reading cover to cover, every single year?


I tried playing around with MS Word's tracking software, and it seems decent. But I just wanted to get the opinion of other board members.

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