SCh01 - Student Name: Instructor Class: McGraw-Hill/Irwin...

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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
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SCh01 - Student Name: Instructor Class: McGraw-Hill/Irwin...

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