URBAN OUTFITTERS, INC. Consolidated Balance Sheets (in thousands, except share a

Question

URBAN OUTFITTERS, INC. Consolidated Balance Sheets (in thousands, except share and per share data) January 31, 2009 2008 ASSETS Current assets: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 316,035 $ 105,271 Marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,948 80,127 Accounts receivable, net of allowance for doubtful accounts of $1,229 and $966, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,390 26,365 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 169,698 171,925 Prepaid expenses and other current assets . . . . . . . . . . . . . . . . . . . . . . . 46,412 46,238 Deferred taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,919 3,684 Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 624,402 433,610 Property and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 505,407 488,889 Marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155,226 188,252 Deferred income taxes and other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,974 32,040 Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,329,009 $1,142,791 LIABILITIES AND SHAREHOLDERS

Explanation / Answer

I know you have worked a lot for framing the table.But still its difficult for me to get the numbers correctly. The logic here is Assets = liabilities + stockholders equity Adjust the entries identifying if it could be a liability or an asset. If its asset for which stock holders equity increases increase both in the account. If it is asset for which it doesnt have any effect on liabilities/equity then add and subtract the asset in the sheet so that the sheet gets balanced.

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