Question - Find the most recent annual report (or 10-K report) for the year ended 12/31/2016 (filed 2/22/17) for Boston Beer Co Inc. The easiest way is to use the searchable EDGAR database. 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 (2016) 10-K report that was filed on 2/22/17. Click on the blue oval that reads "Interactive Data."
After checking out the report, click on header that reads, "Financial Statements" to answer questions 1-3:
1. What was the Boston Beer's net income for the current year? Did their income increase or decrease from the previous year? By how much? (Be sure to indicate "in millions" or "in thousands" when necessary.)
2. Using the numbers from their latest balance sheet, write out Boston Beer's accounting equation. (Be sure to indicate "in millions" or "in thousands" when necessary.)
3. Looking at the Statement of Cash Flows, what was the change in Cash and Cash Equivalents for the current year ending 12/31/16? (Be sure to indicate "in millions" or "in thousands" when necessary.)