Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the following information: Calculate the following ratios for Urban Outfitters for both 2016 and 2017 ( show calculations ): a. Gross profit margin b.

Using the following information:

image text in transcribedimage text in transcribedimage text in transcribed

Calculate the following ratios for Urban Outfitters for both 2016 and 2017 (show calculations):

a. Gross profit margin

b. Operating profit margin

c. Net profit margin

d. Times interest earned coverage

e. Return on shareholders equity

f. Return on assets

g. Debt-to-equity ratio

h. Days of inventory

i. Inventory turnover ratio

j. Average collection period

Consolidated Income Statements for Urban ters, Inc. 2016 2017 $3.545.794 $3,445,134 Net sales (total revenue) 2,301,181 2,243,232 Cost of sales 906,086 848,323 Selling, general, and administrative 338,527 353,579 Operating income Other income (expense) (4.587) (5.449) Other expenses 1901 4159 Interest income and other, net 338,099 350.031 Income before income taxes 119.979 125,542 Provision for income taxes $218.120 $224.489 Net income S 1.87 S 1.79 Basic earnings per share s 1.86 $ 1.78 Diluted earnings per share Source: Urban Outfitters, Inc., 2017 or In 2016-2017 (in thousands, except per share data) January 31, 2017 January 31, 2016 Assets $ 248,140 $ 248,140 111,067 61,061 54,505 75,723 Current Assets Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories Prepaid expenses and other current assets Total current assets Net property and equipment. Deferred income taxes and Other assets 338,590 330,223 129,095 102,078 881,397 834,361 867,786 863,137 135,803 153.454 $1,902,637 $1,833,301 Total assets .... Liabilities and Shareholders' Equity Current Liabilities $ 119,537 $ 118,035 58,782 41,474 Accounts payable Accrued salaries and benefits 174,609 169,722 352,928 329.231 Accrued expenses and Other current liabilities Total current liabilities. (continued) January 31, 2017 January 31, 2016 236,625 150,000 216,843 696,074 589,553 0 0 Long-term debt Deferred rent and other liabilities Total liabilities ... Commitments and Contingencies Equity Preferred stock $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding Common stock $0.001 par value; 200,000,000 shares authorized; 116,233,781 and 117,321,120 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity 12 12 $ 0 $ 0 1,347,141 1,313,084 $1,902,637 1,160,666 1,137,227 $1,833,301 Total Liabilities and Equity 2017 10-K

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Im Just A Girl Who Loves Auditing And Coffee

Authors: Michael Happiness

1st Edition

B08HT8643K, 979-8684238604

Students also viewed these Accounting questions

Question

Evaluating Group Performance?

Answered: 1 week ago