Required Use the financial statements and the accompanying notes to the financial statements to answer the following questions about Columbia Sportswear: a. What title is used on Columbia's consolidated balance sheet for cash? b. According to the information given in Note 2, what is the makeup of the cash and cash equiv- alents account? C. According to information in Item 9A. Controls and Procedures, who is responsible for estab- lishing and maintaining adequate internal control over financial reporting? d. Deloitte and Touche, the independent auditor of Columbia Sportswear, issued a report on its audit of Columbia's internal control. What did Deloitte and Touche conclude? COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED BALANCE SHEETS (In thousands) December 31, 2017 2016 S S 673,166 94,983 364.862 457,927 58,559 1.649,497 281,394 129,555 68,594 56,804 27,058 2.212,902 551,389 472 333,678 487,997 38,487 1,412.023 279,650 133,438 68,594 92,494 27,695 2.013,894 $ S S S ASSETS Current Assets: Cash and cash equivalents (Note 20) Short-term investments (Note 20) Accounts receivable.net (Note 5) Inventories Prepaid expenses and other current assets Total current assets Property, plant, and equipment, net (Note 6) Intangible assets, net (Note 7) Goodwill (Note 7) Deferred income taxes (Note 10) Other non-current assets Total assets LIABILITIES AND EQUITY Current Liabilities: Accounts payable Accrued liabilities (Note 9) Income taxes payable (Note 10) Total current liabilities Note payable to related party (Note 21) Other long-term liabilities (Notes 11, 12) Income taxes payable (Note 10) Deferred income taxes (Note 10) Total liabilities Commitments and contingencies (Note 13) Shareholders' Equity: Preferred stock; 10,000 shares authorized; none issued and outstanding Common stock (no par value): 125,000 shares authorized; 69.995 and 69,873 issued and outstanding (Note 14) Retained earnings Accumulated other comprehensive loss (Note 17) Total Columbia Sportswear Company shareholders' equity Non-controlling interest (Note 4) Total equity Total liabilities and equity 252,301 182.228 19,107 453,636 215,048 142,158 5,645 362,851 14,053 42,622 12,710 147 432,383 48,735 58,104 168 560.643 45,829 1.585,009 (8.887) 1,621,951 30,308 1,652,259 2.212,902 53,801 1,529,636 (22,617) 1,560,820 20,691 1,581,511 2.013.894 $ S Cash and cash equivalents: Cash and cash equivalents are stated at fair value or at cost, which approximates fair value, and include investments with original maturities of 90 days or less at the date of acquisition. At December 31, 2017, cash and cash equivalents consisted of cash, money market funds, time deposits, U.S. government treasury bills, and U.S. government-backed municipal bonds. At December 31, 2016, cash and cash equivalents consisted of cash, money market funds and time deposits. REPORT OF INDEPENDENT AUDITORS Report of Independent Registered Public Accounting Firm To the Board of Directors and Shareholders Columbia Sportswear Company Portland, Oregon Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Columbia Sportswear Company and subsidiaries (the "Company") as of December 31, 2017 and 2016, the related consolidated statements of operations, comprehensive income, equity, and cash flows for each of the three years in the period ended December 31, 2017, and the related notes and the schedule listed in the Index at Item 15 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2017 and 2016, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2017, in conformity with accounting principles generally accepted in the United States of America. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 31, 2017, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated February 22, 2018, expressed an unqualified opinion on the Company's internal control over financial reporting, Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. // DELOITTE & TOUCHE LLP Portland, Oregon February 22, 2018 We have served as the Company's auditor since at least 1994; however, the specific year has not been determined