CP9–1. Req. 1 Accrued compensation and payroll taxes are $42,625,000. Req. 2 Accounts payable increased by $17,934,000 (as reported on the SCF). This change increased operating cash flows. Req. 3 Long-term liabilities (called non-current in this report) are $128,550,000. CP9–2. Req. 1 The amount of accrued compensation is $15,630,000. Req. 2 Accounts payable increased by $21,310,000 (as reported on the SCF). This change increased operating cash Req. 3 Long-term liabilities are $183,974,000. CP9–3. Req. 2 Urban Outfitters American Accounts Cost of Payable Goods Sold $1,613,265 $2,031,477 = 11.6 = = 18.1 Turnover Avg. Accts $89,329* $175,753** Ratio Payable *$(95,754 + 82,904)/2 = $89,329 **$(183,783 + 167,723)/2 = $175,753 Req. 3 Industry Urban Outfitters American Eagle Average Payable Turnover = 11.6 18.1 11.6 The payable turnover ratio for Urban Outfitters is above the industry average while the one for American Eagle is the same as the average. Based on the payable turnover
CP9–1. Req. 1 Accrued compensation and payroll taxes are $42,625,000. Req. 2 Accounts payable increased by $17,934,000 (as reported on the SCF). This change increased operating cash flows. Req. 3 Long-term liabilities (called non-current in this report) are $128,550,000. CP9–2. Req. 1 The amount of accrued compensation is $15,630,000. Req. 2 Accounts payable increased by $21,310,000 (as reported on the SCF). This change increased operating cash Req. 3 Long-term liabilities are $183,974,000. CP9–3. Req. 2 Urban Outfitters American Accounts Payable = Cost of Goods Sold $1,613,265 = 18.1 $2,031,477 = 11.6 Turnover Ratio Avg. Accts Payable $89,329* $175,753** *$(95,754 + 82,904)/2 = $89,329 **$(183,783 + 167,723)/2 = $175,753 Req. 3 Industry Average Urban Outfitters American Eagle Payable Turnover = 11.6 18.1 11.6 The payable turnover ratio for Urban Outfitters is above the industry average while the one for American Eagle is the same as the average. Based on the payable turnover
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