Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book.
Question:
Required:
1. Use the company's balance sheet to determine the amounts in the accounting equation (A = L + SE) as of January 31, 2015.
2. If the company were liquidated at the end of the current year (January 31, 2015), are the shareholders guaranteed to receive $1,327,969,000?
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...
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1 Assets Liabilities Shareholders Equity 1888741000 560772000 1327969000 2 No shareholders equi...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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