The urban outfitters financial stament for the fiscal year ending Jan 2012 can b

ID: 2655116 • Letter: T

Question

The urban outfitters financial stament for the fiscal year ending Jan 2012 can be found on google. The first question has been answered.

CP9-2 Finding Financial Information LO9-1, 9-5, 9-6 Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book. Required: 1. What is the amount of accrued compensation at the end of the most recent reporting year? (Dollars in thousands.) $ 15,630 2. As reported on the Statement of Cash Flows, by what amount did accounts payable, accrued expenses and other current liabilities change over the most recent reporting year? (Dollars in thousands.) How did this change affect cash flows from operating activities during the most recent reporting year? 3. What is the amount of long-term liabilities at the end of the most recent reporting year? (Dollars in thousands.)

Explanation / Answer

The urban outfitters financial stament for the fiscal year ending Jan 2012 can be found on google. The first question has been answered.

CP9-2

Finding Financial Information

LO9-1, 9-5, 9-6

Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book.

Required:

1. What is the amount of accrued compensation at the end of the most recent reporting year? (Dollars in thousands.)

$ 15,630

2. As reported on the Statement of Cash Flows, by what amount did accounts payable, accrued expenses and other current liabilities

change over the most recent reporting year? (Dollars in thousands.)

$21,300(for Year ending Jan 2012)

$31,756 (for year ending Jan 2013)

$68,162 (for Year ending Jan 2014)

$48,543(for Year ending Jan 2015)

How did this change affect cash flows from operating activities during the most recent reporting year?

$282,700(for Year ending Jan 2012)

$395,560(for Year ending Jan 2013)

$423,155(for Year ending Jan 2014)

$322,321(for Year ending Jan 2015)

The cash flows were for curren liabilities is an outflow and hence in the cash flow statement is considered the cash outflow. The net cash flow from operating activities are shown above.