Quick Ratio = (Cash & Cash Equivalents + Marketable Securities + Accounts Receivable + Prepaid Expens es / (Current Liabilities) %3D 1) Calculate the acid-test ratio (a/k/a Quick Ratio) Urban Outfitters, Inc: (358,260 + 279,232 + 80,461 + 114,296) / (386,644) (Cash and Cash Equivalents + Marketable Securities + Accounts Receivable + Prepaid Expenses) / (Current Liabilities) 832,249 / 386,644 2.15 URBAN OUTFITTERS, INC. Consolidated Balance Sheets (in thousands, except share and per share data) January 31, January 31, 2019 2018 ASSETS Current assets: Cash and cash equivalents 358,260 279,232 80,461 370,507 114,296 1,202,756 282,220 Marketable securities 165,125 Accounts receivable, net of allowance for doubtful accounts of $1,499 and $1,326, respectively Inventory Prepaid expenses and other current assets Total current assets 76,962 351,395 103,055 978,757 813,768 Property and equipment, net 796,029 57,292 104,438 Marketable securities 58,688 101,567 Deferred income taxes and other assets Total Assets 2,160,515 1,952,780 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable Accrued compensation and benefits Accrued expenses and other current liabilities 144,414 54,799 128,246 36,058 195,910 187,431 Total current liabilities 386,644 360,214 Long-term debt Deferred rent and other liabilities 284,773 671,417 291,663 651,877 Total Liabilities Commitments and contingencies (see Note 14) Shareholders' equity: Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued Common shares; $.0001 par value, 200,000,000 shares authorized, 105,642,283 and 108,248,568 shares issued and outstanding, respectively Additional paid-in-capital Retained earnings Accumulated other comprehensive loss Total Shareholders’ Equity 11 11 684 1,516,190 (27,103) 1,310,859 (10,651) 1,300,903 1,489,098 2,160,515 Total Liabilities and Shareholders' Equity 1,952,780
Quick Ratio = (Cash & Cash Equivalents + Marketable Securities + Accounts Receivable + Prepaid Expens es / (Current Liabilities) %3D 1) Calculate the acid-test ratio (a/k/a Quick Ratio) Urban Outfitters, Inc: (358,260 + 279,232 + 80,461 + 114,296) / (386,644) (Cash and Cash Equivalents + Marketable Securities + Accounts Receivable + Prepaid Expenses) / (Current Liabilities) 832,249 / 386,644 2.15 URBAN OUTFITTERS, INC. Consolidated Balance Sheets (in thousands, except share and per share data) January 31, January 31, 2019 2018 ASSETS Current assets: Cash and cash equivalents 358,260 279,232 80,461 370,507 114,296 1,202,756 282,220 Marketable securities 165,125 Accounts receivable, net of allowance for doubtful accounts of $1,499 and $1,326, respectively Inventory Prepaid expenses and other current assets Total current assets 76,962 351,395 103,055 978,757 813,768 Property and equipment, net 796,029 57,292 104,438 Marketable securities 58,688 101,567 Deferred income taxes and other assets Total Assets 2,160,515 1,952,780 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable Accrued compensation and benefits Accrued expenses and other current liabilities 144,414 54,799 128,246 36,058 195,910 187,431 Total current liabilities 386,644 360,214 Long-term debt Deferred rent and other liabilities 284,773 671,417 291,663 651,877 Total Liabilities Commitments and contingencies (see Note 14) Shareholders' equity: Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued Common shares; $.0001 par value, 200,000,000 shares authorized, 105,642,283 and 108,248,568 shares issued and outstanding, respectively Additional paid-in-capital Retained earnings Accumulated other comprehensive loss Total Shareholders’ Equity 11 11 684 1,516,190 (27,103) 1,310,859 (10,651) 1,300,903 1,489,098 2,160,515 Total Liabilities and Shareholders' Equity 1,952,780
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
I wanted to know if this answer is good. I am getting this numbers from the URBN 10-K Annual Report 2019.
The questions asks to make a quick ratio from my assigned company.
Transcribed Image Text:Quick Ratio = (Cash & Cash Equivalents + Marketable Securities + Accounts
Receivable + Prepaid Expens es / (Current Liabilities)
%3D
1) Calculate the acid-test ratio (a/k/a Quick Ratio)
Urban Outfitters, Inc: (358,260 + 279,232 + 80,461 + 114,296) / (386,644)
(Cash and Cash Equivalents + Marketable Securities + Accounts
Receivable + Prepaid Expenses) / (Current Liabilities)
832,249 / 386,644
2.15
Transcribed Image Text:URBAN OUTFITTERS, INC.
Consolidated Balance Sheets
(in thousands, except share and per share data)
January 31,
January 31,
2019
2018
ASSETS
Current assets:
Cash and cash equivalents
358,260
279,232
80,461
370,507
114,296
1,202,756
282,220
Marketable securities
165,125
Accounts receivable, net of allowance for doubtful accounts of $1,499 and $1,326, respectively
Inventory
Prepaid expenses and other current assets
Total current assets
76,962
351,395
103,055
978,757
813,768
Property and equipment, net
796,029
57,292
104,438
Marketable securities
58,688
101,567
Deferred income taxes and other assets
Total Assets
2,160,515
1,952,780
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable
Accrued compensation and benefits
Accrued expenses and other current liabilities
144,414
54,799
128,246
36,058
195,910
187,431
Total current liabilities
386,644
360,214
Long-term debt
Deferred rent and other liabilities
284,773
671,417
291,663
651,877
Total Liabilities
Commitments and contingencies (see Note 14)
Shareholders' equity:
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued
Common shares; $.0001 par value, 200,000,000 shares authorized, 105,642,283 and 108,248,568
shares issued and outstanding, respectively
Additional paid-in-capital
Retained earnings
Accumulated other comprehensive loss
Total Shareholders’ Equity
11
11
684
1,516,190
(27,103)
1,310,859
(10,651)
1,300,903
1,489,098
2,160,515
Total Liabilities and Shareholders' Equity
1,952,780
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