Assignment: Financial Accounting
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CopyofMBA6014_Unit1_CP2_2.xlsxCP2-2
| CP2-2 | Finding Financial Information | LO2-1, 2-2, 2-5, 2-6 | ||||
| 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, 2012. | ||||||
| Assets | = | Liabilities | + | Shareholders’ Equity | ||
| = | + | |||||
| 2. If the company were liquidated at the end of the current year (January 31, 2012), are the shareholders | ||||||
| guaranteed to receive $1,066,268,000? | ||||||
| Why or why not? | ||||||
| 3. What are the company's noncurrent liabilities? | ||||||
| 4. What is the company's current ratio? | ||||||
| Current = | = | = | ||||
| Ratio | ||||||
| 5. Did the company have a cash inflow or outflow from investing activities? | ||||||
| Of how much? |
CP2-2 Check Figures
| CP2-2 | Finding Financial Information | LO2-1, 2-2, 2-5, 2-6 | ||||
| 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, 2012. | ||||||
| Assets | = | Liabilities | + | Shareholders’ Equity | ||
| = | + | |||||
| 2. If the company were liquidated at the end of the current year (January 31, 2012), are the shareholders | ||||||
| guaranteed to receive $1,066,268,000? | ||||||
| Why or why not? | ||||||
| 3. What are the company's noncurrent liabilities? | ||||||
| 4. What is the company's current ratio? | ||||||
| Current = | = | = | 2.56 | |||
| Ratio | ||||||
| 5. Did the company have a cash inflow or outflow from investing activities? | ||||||
| Of how much? |
Sheet2
| List 1 | List 2 | List 3 | |||
| Yes | Current Assets | Net Cash Inflow | |||
| No | Total Assets | Net Cash Outflow | |||
| Current Liabilites | |||||
| Total Liabilities | |||||
| Total Shareholders' Equity |
