Financial reports are the primary means by which corporations report their performance and financial condition. Financial statements are one component of the annual report mailed to their shareholders and to interested others. Many companies are using the 10-K report that they file with the SEC as a replacement for the financial portion of their annual report.

Required:

Obtain the most recent annual report (or 10-K report filed for Boston Beer Co Inc. The easiest way is to use the searchable EDGAR database (under filings on the SEC.gov (Links to an external site.)Links to an external site.website). Put in the name (shown exactly as above) or the ticker symbol (SAM) in the box to the right. Be sure you use the most recent 10-K report filed. (Click on the blue "Interactive Data" oval to see the that year's data. (Make sure you use a 10-K NOT a 10-Q report.

After browsing the report, click on the yellow-orange header that reads, "Financial Statements" then "Consolidated Balance Sheets" to answer the following questions:

1. Name two Current Assets and two Long-term Assets that are listed on the Balance Sheet. What is the value of the 1) Total Current Assets and 2) the Total Assets shown? (Be sure to use a dollar sign and indicate "in thousands" if necessary.)

2. Name two Current Liabilities and two Long-term Liabilities listed. What is the value of the 1) Total Current Liabilities and 2) Total Liabilities shown? (Be sure to use a dollar sign and indicate "in thousands" if necessary.)

3. What is the total value for Retained Earnings as of year end? Did Retained Earnings increase or decrease from the previous year end? By how much?

4. List TWO other items you found to be interesting when looking at Boston Beer's Financial Statements. Be specific. Explain in two or three sentences why you find each of these items to be interesting.

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 65,637	$ 91,035
Accounts receivable	33,749	36,694
Inventories	50,651	52,499
Prepaid expenses and other current assets	10,695	8,731
Income tax receivable	7,616	4,928
Total current assets	168,348	193,887
Property, plant and equipment, net	384,280	408,411
Other assets	13,313	9,965
Goodwill	3,683	3,683
Total assets	569,624	615,946
Current Liabilities:
Accounts payable	38,141	40,585
Accrued expenses and other current liabilities	63,617	60,934
Total current liabilities	101,758	101,519
Deferred income taxes	34,819	57,261
Other liabilities	9,524	10,584
Total liabilities	146,101	169,364
Commitments and Contingencies (See Note J)
Stockholders' Equity:
Additional paid-in capital	372,590	349,913
Accumulated other comprehensive loss, net of tax	(1,288)	(1,103)
Retained earnings	52,105	97,648
Total stockholders' equity	423,523	446,582
Total liabilities and stockholders' equity	569,624	615,946
Common Class A
Stockholders' Equity:
Common Stock	86	92
Common Class B
Stockholders' Equity:
Common Stock	$ 30	$ 32