Refer to the financial statements of Urban Outfitters given In Appendix C at the end of this

Question:

Refer to the of Urban Outfitters given In Appendix C at the end of this book At the bottom of each statement, the company warns readers that The accompanying notes are an integral part of these The following questions illustrate the types of information that you can find in the and accompanying notes. (Hint: Use the notes.)

Refer to the financial statements of Urban Outfitters given In

Required:
1. What subtotals does Urban Outfitters report on its income statement?
2. The company spent $190,010,000 on capital expenditures (property, plant, and equipment and $169,467,000 purchasing investments during the most recent year. Were operating activities or financing activities the major source of cash for these expenditures?
3. What was the company's largest asset (net) at the end of the most recent year?
5. Over what useful lives are buildings deprecated?
7. Compute the company gross profit pecentage for the most recento two year. (Dollars I thousands.)

Has it risen or fallen? Explain the meaning of the change.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...