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based on cases 1 . 2 Just for feet Inc., Michael C . Knapp - Contemporary Auditing _ Real Issues and Cases ( 2 0

based on cases 1.2 Just for feet Inc., Michael C. Knapp - Contemporary Auditing_ Real Issues and Cases (2010, South-Western College Pub)(1). Prepare common-sized balance sheets and income statements for Just for Feet for the period 19961998. Also compute key liquidity, solvency, activity, and profitability ratios for 1997 and 1998. Given these data, comment on what you believe were the high-risk financial statement items for the 1998 Just for Feet audit.

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