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CP6-2 Finding Financial Information LO6-1, 6-3, 6-5 Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book.
CP6-2 | Finding Financial Information | LO6-1, 6-3, 6-5 | |||||
Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book. | |||||||
Required: | |||||||
1. How much cash and cash equivalents does the company report at the end of the current year? | |||||||
(in thousands) | |||||||
Where can this information be found? | |||||||
2. What was the change in accounts receivable and how did it affect net cash provided by operating activities for the current year? | |||||||
3. Which types of customers account for most of the company's accounts receivable? | |||||||
Did bad debts expense increase or decrease between 2011 and 2012? (Dollars in thousands.) | |||||||
Bad debt expense | |||||||
From: | in 2011 | ||||||
To: | in 2012 | ||||||
How did you know? | |||||||
4. Where does the company disclose its revenue recognition policy? | |||||||
When does the company record revenues for the sale of gift cards? | |||||||
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