COLUMBIA SPORTSWEAR COMPANY- FINANCIAL STATEMENT QUESTIONS

YEAR 2022

Columbia Sportswear Company's 2022 balance sheet shows Net Accounts Receivables of $547,561, which represents the amount the company actually expects to collect from its customers. Net receivables is calculated as Accounts receivable less the Allowance for Doubtful Accounts. The Allowance for Doubtful Accounts is the company's estimate of the amount of receivables that will NOT be collected. According to the Balance Sheet, how much is the company's Allowance for Doubtful Accounts at the end of 2022 ? What is the Allowance for Doubtful Accounts as a percentage of gross receivables? As a percentage of net sales revenue? Columbia Sportswear Company's 2022 balance sheet shows Inventory of $1,028,545. According to the Footnotes, Columbia Sportswear Company's inventories consist primarily of what? What cost flow method does Columbia Sportswear Company use? Also according to the Footnotes, what depreciation method does Columbia Sportswear Company use for financial reporting? 4. On the balance sheet, Columbia Sportswear Company lists Goodwill. A company reports Goodwill on its balance sheet only when it purchases an existing business, paying more than the net fair value of the assets. What was Columbia Sportswear Company's Goodwill balance at the end of 2022 ? What Intangible Assets does Columbia Sportswear Company have? (see note 6 ) 15. Liabilities: On the balance sheet, at the end of 2022 , what amount does Columbia Sportswear Company report for (a) current liabilities? (b) total liabilities? (c) Current liabilities make up what percentage of total liabilities? Columbia Sportswear Company's 2022 balance sheet shows Net Accounts Receivables of $547,561, which represents the amount the company actually expects to collect from its customers. Net receivables is calculated as Accounts receivable less the Allowance for Doubtful Accounts. The Allowance for Doubtful Accounts is the company's estimate of the amount of receivables that will NOT be collected. According to the Balance Sheet, how much is the company's Allowance for Doubtful Accounts at the end of 2022 ? What is the Allowance for Doubtful Accounts as a percentage of gross receivables? As a percentage of net sales revenue? Columbia Sportswear Company's 2022 balance sheet shows Inventory of $1,028,545. According to the Footnotes, Columbia Sportswear Company's inventories consist primarily of what? What cost flow method does Columbia Sportswear Company use? Also according to the Footnotes, what depreciation method does Columbia Sportswear Company use for financial reporting? 4. On the balance sheet, Columbia Sportswear Company lists Goodwill. A company reports Goodwill on its balance sheet only when it purchases an existing business, paying more than the net fair value of the assets. What was Columbia Sportswear Company's Goodwill balance at the end of 2022 ? What Intangible Assets does Columbia Sportswear Company have? (see note 6 ) 15. Liabilities: On the balance sheet, at the end of 2022 , what amount does Columbia Sportswear Company report for (a) current liabilities? (b) total liabilities? (c) Current liabilities make up what percentage of total liabilities