Fundamental Financial Accounting Concepts
Fundamental Financial Accounting Concepts
10th Edition
ISBN: 9781260159028
Author: Edmonds
Publisher: MCG
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Chapter 13, Problem 7Q
To determine

Explain the difference between return on investment and return on equity.

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Question:  What is the date of the audit report and To whom is the audit report addressed? Urban Outfitters, Inc., is a specialty retailer, offering a wide selection of clothing, accessories, and other items. The Fiscal Year 2013 Annual Report for Urban Outfitters, Inc., can be found here.  Page F-2 (page 54 in the pdf document) of that annual report contains the "Report of Independent Registered Public Accounting Firm," or the auditor's report. This report consists of four paragraphs.  That page is replicated in the attached photo.
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