Problem

Finding Financial InformationRefer to the financial statements of Urban Outfitters in Appe...

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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