1. What method of depreciation does the company use? 2. What is the amount of ac

Question

1. What method of depreciation does the company use?

2. What is the amount of accumulated depreciation and amortization at the end of the most recent
reporting year?

3. For depreciation purposes, what is the estimated useful life of furniture and fixtures?

4. What was the original cost of leasehold improvements owned by the company at the end of the most
recent reporting year?

5. What amount of depreciation and amortization was reported as expense for the most recent
reporting year?

6. What is the company’s fixed asset turnover ratio for the most recent year? What does it suggest?

2. What is the amount of accumulated depreciation and amortization at the end of the most recent
reporting year?

3. For depreciation purposes, what is the estimated useful life of furniture and fixtures?

4. What was the original cost of leasehold improvements owned by the company at the end of the most
recent reporting year?

The accompanying notes are an integral part of these consolidated financial statements URBAN OUTFITTERS, INC. Consolidated Statements of Income (in thousands, except share and per share data) Fiscal Year Ended January 31 2011 2012 2010 Net sales Cost of sales, including certain buying, distribution and S 2,473,801 2,274,102 S 1,937,815 1,613,265 860,536 575,811 284,725 5,120 553 1,337,482 936,620 522,417 414,203 4,669 486 1,151,670 786,145 447,161 338,984 6,290 463 (1,331) 344,406 124,513 S 219,893 cy costs Gross profit Selling, general and administrative expenses Income from operations Interest income Other income Other expenses (2,150) Income before income taxes Net income Basic 288,831 103,580 $185,251 417,208 144,250 S 272,958 Income tax expense Net income per common share 1.20 1.19 1.64 1.60 1.31 1.28 Diluted Weighted average common shares outstanding Basic Diluted 154,025,589 156,191,289 166,896,322 170,333,550 168,053,502 171,230,245

Explanation / Answer

1. What method of depreciation does the company use?

Straight line method of depriciation

2. What is the amount of accumulated depreciation and amortization at the end of the most recent
reporting year? $355957

  

3. For depreciation purposes, what is the estimated useful life of furniture and fixtures? 5years

4. What was the original cost of leasehold improvements owned by the company at the end of the most
recent reporting year? $486959

5. What amount of depreciation and amortization was reported as expense for the most recent
reporting year?

$81949

6. What is the company’s fixed asset turnover ratio for the most recent year? What does it suggest?

$4

The company is using assets to achieve better sales.

2. What is the amount of accumulated depreciation and amortization at the end of the most recent
reporting year? $355957

  

3. For depreciation purposes, what is the estimated useful life of furniture and fixtures? 5years

4. What was the original cost of leasehold improvements owned by the company at the end of the most
recent reporting year? $486959

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