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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

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 18MCQ
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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.

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: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
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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