[单项选择]
How to Read Annual Reports
First, turn back to the report of the certified public accountant. This third-party auditor will tell you right off the bat if Galaxy’s report conforms with "generally accepted accounting principles". Then go to the footnotes. Check to see whether earnings are up or down. The footnotes often tell the whole story.
Next, turn to the letter from the chairman. Typically addressed "to our shareholders," it’s up front in more ways than one. The chairman’s tone reflects the personality and well-being of the company. In his letter, the chairman should tell you how the company fared this year. But more importantly, the letter should tell you why. Keep an eye out for sentences that start with " Except for ..." and "Despite the..." They are clues to problems. On the positive side, a chairman’s letter should give you insights into the company’s future and its stance on economical or political issues that may affect it.
A. the expressions used.
B. the explanation given by the chairman.
C. the performance of the company during the year.
D. the company’s future described by the chairman.
