What is typically included in a company's annual report?

A company's annual report serves as a comprehensive overview of its financial performance and operational results over the fiscal year. The inclusion of financial statements, such as the balance sheet and income statement, is essential because they provide stakeholders with quantitative insights into the company's financial health. Accompanying these statements, management's discussion offers qualitative analysis and context, helping to explain the numbers behind the company's performance, strategies, and future outlook. This combination of financial data and management's commentary ensures transparency and helps investors, analysts, and other stakeholders understand the company's situation and strategic direction.

The other options are not typical components of an annual report. Detailed product specifications may be relevant to product literature but do not belong in a financial report. Similarly, marketing strategies for the upcoming year are more forward-looking and not typically documented in a retrospective annual report. Employee satisfaction surveys, while important for internal assessments, are not included in annual reports as they focus primarily on financial and operational performance rather than employee feedback.