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?

URBAN OUTFITTERS, INC. Consolidated Balance Sheets ASSETS Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net of allowance for doubtful accounts of $1,614 and $1,015, respectively Inventories Prepaid expenses and other current assets Deferred taxes Total current assets Property and equipment, net Marketable securities Deferred income taxes and other assets Total Assets LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable Accrued compensation Accrued expenses and other current liabilities Total current liabilities Deferred rent and other liabilities Total Liabilities Commitments and contingencies (see Note 12) Shareholders' equity: Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued Common shares; $.0001 par value, 200,000,000 shares authorized, 144,633,007 and 164,413,427 issued and outstanding, respectively Additional paid-in capital Retained earnings Accumulated other com ensive loss Total Shareholders' Equity Total Liabilities and Shareholders' Equity January 31, 2012 2011 145,273 340,257 89,854 116,420 36,673 36,502 250,073 229,561 69,876 66,886 5,243 14,351 596,992 803,977 684,979 586,346 126,913 351,988 74,824 52,010 $1,483,708 $1,794,321 95,754 82,904 15,630 20,212 122,082 107,908 211,024 233,466 183,974 171,749 417.440 382,773 15 17 27,603 1,394,190 1,077,765 1,066,268 1,411,548 $1,483,708 $1,794,321