Unit 5 Assignment 1

cf_unit5_e13-5_cp9-2.xlsx

E13-5

E13-5 Matching Each Ratio with Its Computational Formula LO 13-4, 13-5, 13-6, 13-7
Match each definition with its related ratios or percentages by selecting the appropriate letter in the drop down provided.
Definitions:	Ratios or Percentages	Definitions
A.	Net Income (before extraordinary items) ÷ Net Sales	1	Profit margin
B.	Days in Year ÷ Receivable Turnover ratio	2	Inventory turnover ratio
C.	Net Income ÷ Average Stockholders’ Equity	3	Average collection period
D.	Net Income ÷ Average Number of Shares of Common Stock Outstanding	4	Dividend yield ratio
E.	Return on Equity − Return on Assets	5	Return on equity
F.	Quick Assets ÷ Current Liabilities	6	Current ratio
G.	Current Assets ÷ Current Liabilities	7	Debt-to-equity ratio
H.	Cost of Goods Sold ÷ Average Inventory	8	Price/earnings ratio
I.	Net Credit Sales ÷ Average Net Receivables	9	Financial leverage percentage
J.	Days in Year ÷ Inventory Turnover Ratio	10	Receivable turnover ratio
K.	Total Liabilities ÷ Stockholders’ Equity	11	Average days’ supply of inventory
L.	Dividends per Share ÷ Market Price per Share	12	Earnings per share
M.	Market Price per Share ÷ Earnings per Share	13	Return on assets
N.	[Net Income + Interest Expense (net of tax)] ÷ Average Total Assets	14	Quick ratio
O.	Cash from Operating Activities (before interest and taxes) ÷ Interest Paid	15	Times interest earned
P.	Net Sales Revenue ÷ Net Fixed Assets	16	Cash coverage ratio
Q.	(Net Income + Interest Expense + Income Tax Expense) ÷ Interest Expense	17	Fixed asset turnover ratio

E13-5 Matching Each Ratio with Its Computational Formula LO 13-4, 13-5, 13-6, 13-7
Match each definition with its related ratios or percentages by selecting the appropriate letter in the drop down provided.
Definitions:	Ratios or Percentages	Definitions
A.	Net Income (before extraordinary items) ÷ Net Sales	1	Profit margin
B.	Days in Year ÷ Receivable Turnover ratio	2	Inventory turnover ratio
C.	Net Income ÷ Average Stockholders’ Equity	3	Average collection period
D.	Net Income ÷ Average Number of Shares of Common Stock Outstanding	4	Dividend yield ratio
E.	Return on Equity − Return on Assets	5	Return on equity
F.	Quick Assets ÷ Current Liabilities	6	Current ratio
G.	Current Assets ÷ Current Liabilities	7	Debt-to-equity ratio
H.	Cost of Goods Sold ÷ Average Inventory	8	Price/earnings ratio
I.	Net Credit Sales ÷ Average Net Receivables	9	Financial leverage percentage	E
J.	Days in Year ÷ Inventory Turnover Ratio	10	Receivable turnover ratio
K.	Total Liabilities ÷ Stockholders’ Equity	11	Average days’ supply of inventory
L.	Dividends per Share ÷ Market Price per Share	12	Earnings per share
M.	Market Price per Share ÷ Earnings per Share	13	Return on assets
N.	[Net Income + Interest Expense (net of tax)] ÷ Average Total Assets	14	Quick ratio
O.	Cash from Operating Activities (before interest and taxes) ÷ Interest Paid	15	Times interest earned
P.	Net Sales Revenue ÷ Net Fixed Assets	16	Cash coverage ratio
Q.	(Net Income + Interest Expense + Income Tax Expense) ÷ Interest Expense	17	Fixed asset turnover ratio

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	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.)

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