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Using the financial ratios provided in table 4.1 and following the financial statement information presented for Urban Outfitters, Inc., calculate the following ratios for Urban Outfitters for both 2018 and 2019:

a. Gross profit margin

b. Operating profit margin

c. Net profit margin

d. Times-interest-earned (or coverage) ratio

e. Return on stockholders equity

f. Return on assets

g. Debt-to-equity ratio

h. Days of inventory

i. Inventory turnover ratio

j. Average collection period

Based on these ratios, did Urban Outfitters financial performance improve, weaker, or remain about the same from 2018 to 2019?

Consolidated Income Statements for Urban Outfitters, Inc., 2018-2019 (in thousands, except per share data) 2018 2019 Net sales (total revenue) $3,616,014 $3.950,623 Cost of sales 2,440.507 2,603.911 Selling, general, and administrative 915,615 965-399 Operating income $ 259,892 $ 381,313 Other income (expense) Other expenses (4,840) (6.325) Interest income and other, net 6,314 10,565 Income before income taxes 261.366 385.553 Provision for income taxes 153.103 87550 Net income $ 108,263 $ 298,003 Basic earnings per share $ 2.75 Diluted earnings per share 0.96 2.72 $ 0.97 $ $ Source: Urban Outfitters, Inc. 2019 Consolidated Balance Sheets for Urban Outfitters, Inc., 2018-2019 (in thousands, except per share data) January 31 January 31. 2018 Assets 2019 Current Assets $ 282,220 358,260 165.125 279.232 76,962 80,461 351.395 370.507 103,055 114,206 978,757 1,202.756 813.768 796,099 160 255 161,730 Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories Prepaid expenses and other current assets Total current assets Net property and equipment Deferred income taxes and Other assets Total assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued salaries and benefits Acersed expenses and Other current liabilities Total current liabilities Long-term debt Deferred rent and other liabilities $1,952.780 $ 2,160,515 $ 128,246 $ 144414 36,058 54.799 195.9910 18241 360,214 $ 386,644 0 291.663 Total liabilities 671417 651,897 0 11 11 Commitments and Contingencies Equity Preferred stock 8.000 par value; 10,000,000 shares authorized to shares issued and outstanding Common stock $.0001 par value, 200,000,000 shares authorized; 105,642,283 and 108,248,568 shares issued and outstanding Additional paid in capital Retained earnings Total stockholders' equity Total Liabilities and Equity 0 1489,08 1.300.208 1.489,098 1.300.00 $ 2,160,515 $1.952.780 Sobon Outers, 20 OK Page 123

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