MBA6014 Unit 3 CP5-2
CP5-2 Finding Financial Information LO5-2, 5-3
Refer to the financial statements of Urban Outfitters given in Appendix
C at the end of this book. At the bottom of each statement, the company warns
readers that “The accompanying notes are an integral part of these financial
statements.” The following questions illustrate the types of information that
you can find in the financial statements and accompanying notes. (Hint: Use the
notes.)
Required:
1. What subtotals does Urban Outfitters report
on its income statement?
2. The company spent $190,010,000 on capital
expenditures (property, plant, and equipment) and $169,467,000 purchasing
investments during the most recent year. Were operating activities or financing
activities the major source of cash for these expenditures?
3. What was the company's largest asset (net)
at the end of the most recent year?
4. How does the company account for costs
associated with developing its websites?
5. Over what useful lives are buildings
depreciated?
6. What portion of gross “Property and
Equipment” is composed of “Buildings”?
7. Compute the company's gross profit
percentage for the most recent two years.
(Dollars in thousands.)
|
Year Ended
|
Gross Profit /
|
Net Sales
|
= Gross Profit %
|
|
2012
|
34.8%
|
||
|
2011
|
41.2%
|
Has it risen or fallen? Explain the meaning of
the change.
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