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EarthWear Hands-on Mini-case
Chapter 1 - EarthWear Introduction
AUDITING & ASSURANCE SERVICES 11e © The McGraw-Hill Companies, Inc., 2019

The purpose of this mini-case is to familiarize you with the EarthWear Company by reviewing key
pieces of information included in the annual report in the textbook. You can locate the EarthWear
Clothiers 2018 Annual Report following Chapter 1 in the textbook. In the ebook format, the the
EarthWear Clothiers 2018 Annual Report appears as a separate section following Chapter 1. Please
refer to the Table of Contents in your respective text should you have issues locating the EarthWear
Clothiers 2018 Annual Report.

INSTRUCTIONS

Find the information requested in the 'WORKSHEET' tab of this spreadsheet and record your answers
in the space provided as evidence that you've visited the sites. Remember that the purpose of this
exercise is to become familiar with these annual report, so please take a few minutes to review all
content. This activity is not meant to be difficult but the more familiar you are with the company the
more time you will save on future assignments.
Fields you are to complete on the WORKSHEET are colored yellow. The color will disappear as the field is completed.

Please input your answers into Connect or print a copy of the WORKSHEET to submit unless your
instructor requests an electronic submission. The WORKSHEET is formatted to print on a single sheet
of paper.
 EARTHWEAR CLOTHIERS MINI-CASE Name:
Chapter 1: EarthWear Introduction Worksheet Class or
Section:
Date:

EarthWear Clothiers 2018 Annual Report

1. Who is the current CEO of EarthWear?

Calvin J. Rogers

2. How much did Accounts Payable change in dollars and percent from 2017 to 2018?
Increased $13,579 or 29.89%

3. In which of the last 5 years was EarthWear's Net Income highest, and what was Net Income in that year?
Year 2015; $41,698

4. Does EarthWear use the FIFO or LIFO inventory valuation method?

LIFO

5 What is the date of Willis & Adams' Audit Report included in the Annual Report?
February 15, 2019