Student Name:
Instructor
Class:
McGraw-Hill/Irwin
Demonstration Case 01-01
Under Armour, Inc.
Income Statement
For the Quarter Ended September 30, 2008
(in thousands of dollars)
Revenues
Sales Revenues
$231,946
Total Revenues
231,946
Expenses
Operating Expenses
113,679
General and Administrative Expenses
71,788
Other Expenses
1,736
Income Tax Expense
19,080
Total Expenses
206,283
Net Income
$25,663
Correct!
Under Armour, Inc.
Statement of Retained Earnings
For the Quarter Ended September 30, 2008
(in thousands of dollars)
Retained Earnings, July 1, 2008
$117,782
Add: Net Income
25,663
Subtract: Dividends
0
Retained Earnings, September 30, 2008
$143,445
Correct!
Under Armour, Inc.
Balance Sheet
At September 30, 2008
(in thousands of dollars)
Assets:
Cash
$40,152
Accounts Receivable
151,086
'Inventories
163,612
'Property and Equipment
70,645
Other Assets
49,391
Total Assets
$474,886
Correct!
Liabilities
Accounts Payable
$129,724
Notes Payable
$14,962
Other Liabilities
10,425
Total Liabilities
$155,111
Stockholders' Equity:
Contributed Capital
$176,330
Retained Earnings
143,445
'Total Stockholders' Equity
319,775
Total Liabilities and Stockholders' Equity
$474,886
Correct!
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- Spring '12
- SOBEISKI
- Financial Accounting, Balance Sheet, Income Statement, Revenue, Generally Accepted Accounting Principles, Total liabilities Stockholders, liabilities Total liabilities
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