Just for Feet Case

1. Prepare common-sized balance sheet and income statement for just for feet for the utmost 1996-1998.
Just For Feet, INC.
Consolidated Statements Of Earnings (000s omitted)|
| Years Ended January 31,| |
| 1999|  | 1998|  | 1997|  |
enlighten sales| $774,863| 100.00%| $478,638| 100.00%| $256,397| 100.00%|
Cost of sales| $452,330| 58.38%| $279,816| 58.46%| $147,526| 57.54%|
Gross profit| $322,533| 41.62%| $198,822| 41.54%| $108,871| 42.46%|
| | | | | | |
new(prenominal) revenues| $1,299| 0.17%| $1,101| 0.23%| $581| 0.23%|
| | | | | | |
Operating expenses:| | | | | | |
Store operating(a)| $232,505| 30.01%| $139,659| 29.18%| $69,329| 27.04%|
Store opening cost| $13,669| 1.76%| $6,728| 1.41%| $11,240| 4.38%|
Amortization of intangibles| $2,072| 0.27%| $1,200| 0.25%| $180| 0.07%|
General and administrative| $24,341| 3.14%| $18,040| 3.77%| $7,878| 3.07%|
Total operating expenses| $272,587| 35.18%| $165,627| 34.60%| $88,627| 34.57%|
Operating income| $51,245| 6.61%| $34,296| 7.17%| $20,825| 8.12%|
| | | | | | |
Interest expenses| -$8,059| -1.04%| -$1,446| -0.30%| -$832| -0.32%|
Interest income| $143| 0.02%| $1,370| 0.29%| $4,750| 1.



85%|
Earnings before income taxes and
cumulative effect of budge in accounting principle| $43,329| 5.59%| $34,220| 7.15%| $24,743| 9.65%|
| | | | | | |
preparedness for income taxes| $16,681| 2.15%| $12,817| 2.68%| $8,783| 3.43%|
Earnings before cumulative
effect of a change in
accounting principle| $26,648| 3.44%| $21,403| 4.47%| $15,960| 6.22%|
Cumulative effect on prior years
of change in accounting principle| $0| 0.00%| $0| 0.00%| -$2,041| -0.80%|
Net earnings| $26,648| 3.44%| $21,403| 4.47%| $13,919| 5.43%|

Just For Feet, INC.
Balance Sheets (000s omitted)Year finish January 31,|
| | | | | | |
| 1999|  | 1998|...If you want to get a full essay, order it on our website: Ordercustompaper.com



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