Finding Financial Information
Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book.
Required:
1. What is the balance in short-term and long-term marketable securities reported by the company on January 31, 2009? What types of securities are included in these accounts? (Hint: The notes to the financial statements may be helpful for this question.)
2. How much cash did the company use to purchase marketable securities during the year ended January 31, 2009?
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