The financial statement for urban outfitters for the fiscal year ending Jan 2012 can be found on google CP12-2 Finding Financial Information LO12-2, 12-4, 12-6 Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book. Required: 1. Does Urban Outfitters use the direct or indirect method to report cash flows from operating activities? 2. What amount of tax payments did the company make during the most recent reporting year? (Hint: The statement of cash flows may be helpful to answer this question.) 3. Explain why the âshare-based compensationâ and âdepreciation and amortizationâ items were added in the reconciliation of net income to net cash provided by operating activities. 4. Has the company paid cash dividends during the last three years? How do you know? 5. What was free cash flow for the year ended January 31, 2012? (Dollars in thousands.) Cash Flows from Free Cash Flow:

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The financial statement for urban outfitters for the fiscal year ending Jan 2012 can be found on google    CP12-2 Finding Financial Information LO12-2, 12-4, 12-6               Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book.             Required:                  1. Does Urban Outfitters use the direct or indirect method to report cash flows from operating activities?                                        2. What amount of tax payments did the company make during the most recent reporting year?    (Hint: The statement of cash flows may be helpful to answer this question.)                                            3. Explain why the âshare-based compensationâ and âdepreciation and amortizationâ items were added in    the reconciliation of net income to net cash provided by operating activities.                                            4. Has the company paid cash dividends during the last three years?                                 How do you know?                                               5. What was free cash flow for the year ended January 31, 2012? (Dollars in thousands.)              Cash Flows from                            Free Cash Flow:

CP12-2	Finding Financial Information		LO12-2, 12-4, 12-6

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

	Required:

	1. Does Urban Outfitters use the direct or indirect method to report cash flows from operating activities?




	2. What amount of tax payments did the company make during the most recent reporting year?
	(Hint: The statement of cash flows may be helpful to answer this question.)







	3. Explain why the âshare-based compensationâ and âdepreciation and amortizationâ items were added in
	the reconciliation of net income to net cash provided by operating activities.







	4. Has the company paid cash dividends during the last three years?



	How do you know?







	5. What was free cash flow for the year ended January 31, 2012? (Dollars in thousands.)

	Cash Flows from


		Free Cash Flow:

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.)

CP11-2	Finding Financial Information		LO11-1, 11-3, 11-4, 11-6

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

	Required:

	1. How many shares of common stock are authorized at the end of the current year? How many shares are issued and
	outstanding at the end of the current year?

		shares authorized
		shares issued and outstanding

	2. Did the company pay dividends during the most recent reporting year? If so, what was the total amount of dividends paid
	and how much were they per share?





	3. Does the company have any treasury stock? If so, how much?





	4. Has the company issued a stock dividend or a stock split over the past three reporting years? If so, describe.





	5. Does the company's common stock have a par value? If it does, what is the par value?

CP8-2	Finding Financial Information	LO8-1, 8-2, 8-6

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

	Required:

	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 companyâs fixed asset turnover ratio for the most recent year? What does it suggest?

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