Finding Financial Information Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book Required 1 Use the companys balance sheet to determine the amounts in the accounting equation (A L SE) as of January 31, 2009 2 If the company were liquidated at the end of the ...

1 Assets Liabilities Shareholders Equity 1329009000 275234000 1053775000 2 No shareholders equi ...

Finding Financial Information Refer to the financial statements of Urban Outfitters in Appendix C at the end

Question:

Finding Financial Information
Refer to the of Urban Outfitters in Appendix C at the end of this book.
Required:
1. Use the company’s to determine the amounts in the accounting equation
(A = L + SE) as of January 31, 2009.
2. If the company were liquidated at the end of the current year (January 31, 2009), are the shareholders guaranteed to receive $1,053,775,000?
3. What are the company’s noncurrent liabilities?
4. What is the company’s current ratio?
5. Did the company have a cash inflow or outflow from investing activities? Of how much?

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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...