Which of the phrases A, B, C and D given below each sentence should replace the word/phrase printed in bold in the sentence to make it grammatically correct. If the sentence is correct as it is given and no correction is required, mark E as the answer.
The company's annual report highlights the progress they made over the past year and the objectives for the coming year.
In this context, since we are referring to a singular entity (the company), the correct pronoun to use is "it" instead of "they."
