To help familiarize you with the financial reporting of a real company to further your understanding of the chapter material you are learning.

Each chapter will have a financial statement case that focuses on material contained in that chapter. You will be asked questions and will then refer to Appendix A at the end of the book, where you will find the annual report for Columbia Sportswear Company. Use the annual report to answer these questions. As you progress through each chapter, you will gain a real understanding of actual corporate financial reporting in addition to the basic accounting concepts you are learning within each textbook chapter. This added learning experience will reinforce your understanding of accounting.

Requirements

1. What was the total amount of assets Columbia Sportswear reported as of December 31, 2016? (Keep in mind that the numbers are in thousands.) Did the total assets increase or decrease from December 31, 2015?

2. What was the total amount of revenues (net sales) Columbia Sportswear reported for the year ended December 31, 2016? (Keep in mind that the numbers are in thousands.) Did the revenues increase or decrease from the previous years presented?