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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.

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?

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