Assignment 5: Financial Acct 1

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MBA6014_Unit5_CP9_21.xlsx

CP9-2

CP9-2 Finding Financial Information LO9-1, 9-5, 9-6
Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book.
Required:
1. What is the amount of accrued compensation at the end of the most recent reporting year? (Dollars in thousands.)
2. As reported on the Statement of Cash Flows, by what amount did accounts payable, accrued expenses and other current liabilities
change over the most recent reporting year? (Dollars in thousands.)
How did this change affect cash flows from operating activities during the most recent reporting year?
3. What is the amount of long-term liabilities at the end of the most recent reporting year? (Dollars in thousands.)

CP9-2 Check Figures

CP9-2 Finding Financial Information LO9-1, 9-5, 9-6
Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book.
Required:
1. What is the amount of accrued compensation at the end of the most recent reporting year? (Dollars in thousands.)
$ 15,630
2. As reported on the Statement of Cash Flows, by what amount did accounts payable, accrued expenses and other current liabilities
change over the most recent reporting year? (Dollars in thousands.)
How did this change affect cash flows from operating activities during the most recent reporting year?
3. What is the amount of long-term liabilities at the end of the most recent reporting year? (Dollars in thousands.)

Sheet2

List 1
Increase
Decrease