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JUST FOR FEET, INC Prepare common - sized balance sheets and income statements for Just for Feet for the period 1 9 9 6 -

JUST FOR FEET, INC

Prepare common $-$ sized balance sheets and income statements for Just for Feet for the period $1996 - 1998 .$ 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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