Finding Financial Information
Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book.
Required:
1. Use the company’s 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 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?
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