Question: Refer to the financial statements of Urban
Refer to the financial statements of Urban Outfitters in Appendix C at the end of this book
Financial statements of Urban Outfitters:
Required:
For each question, answer it and indicate where you located the information to answer the question. (Hint: Use the notes to the financial statements for many of these questions.)
1. What method of depreciation does the company use?
2. What is the amount of accumulated depreciation and amortization at the end of the most recent reporting year?
3. For depreciation purposes, what is the estimated useful life of furniture and fixtures?
4. What was the original cost of leasehold improvements owned by the company at the end of the most recent reporting year?
5. What amount of depreciation and amortization was reported as expense for the most recent reporting year?
6. What is the company’s fixed asset turnover ratio (rounded to two decimal places) for the most recent year? What does it suggest?
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Fiscal Year Ended January 31, 2013 (in thousands, except share amounts and per share data) 2015 2014 2012 2011 Income Statement Data: Net sales $ 2,794,925 3,086,608 1,161,342 2$ 3,323,077 2$ 2$ Gross profit Income from operations 2,473,801 860,536 284,725 2,274,102 936,620 414,203 1,174,930 1,031,531 365,385 426,831 374,285 Net income 232,428 282,360 237,314 185,251 272,958 Net income per common share-basic Weighted average common shares outstanding basic 1.70 1.92 1.63 1.20 1.64 136,651,899 147,014,869 145,253,691 154,025,589 166,896,322 Net income per common share diluted Weighted average common shares outstanding diluted $ 1.68 1.89 1.62 1.19 1.60 138,192,734 149,225,906 146,663,731 156,191,289 170,333,550 Balance Sheet Data: Working capital Total assets 24 455,377 24 663,150 622,089 1,797,211 442,623 1,354,588 363,526 24 592,953 1,888,741 2,221,214 1,483,708 417,440 1,794,321 Total liabilities 560,772 527,044 382,773 Total shareholders' equity 1,327,969 24 1,694,170 %24 SAc60208 Windows 1,411,548
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