Purpose: To help familiarize you with the financial reporting of a real company in order to further your understanding of the chapter material you are learning.
This case uses both the income statement (statement of operations) and the balance sheet of Columbia Sportswear in Appendix A at the end of the book.

1. What income statement format does Columbia Sportswear use? How can you tell?
2. Calculate the gross profit percentage for Columbia Sportswear for 2008, 2009, and 2010. Has the gross profit percentage been improving or deteriorating?
3. Calculate the net income percentage for Columbia Sportswear for 2009 and 2010. Has the net income percentage improved or deteriorated?
4. Does Columbia Sportswear report a classified balance sheet? How can you tell?

  • CreatedApril 29, 2014
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