Problem

Finding Financial InformationRefer to the financial statements of Urban Outfitters given i...

Finding Financial Information

Refer to the financial statements of Urban Outfitters given in Append ix C at the end of this book. Ma king a Decision as a Manager: Choosing among Alternative Recognition Points Financial Reporting and Analysis Cases

Required:

1. How much cash and cash equivalents does the company report at the end of the current year'?

2. What was the change in accounts receivable and how did it affect net cash provided by opera ting activities for the current year?

3. Compute the company’s gross profit percentage for the most recent two year-. Has it risen or fallen? Explain the meaning of the change.

4. Where doe' the company disclose its revenue recognition policy? When does the company record revenue, for the “sale” of gift curds?

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