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ACCT 557 WEEK 6 HOMEWORK

ACCT 557 WEEK 6 Problems Financial data of Fancy Footwork Company for 2013 and 2012 are presented below. FANCY FOOTWORK COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2013 AND 2012 2013 2012 Cash $ 260,000 $ 230,000 Receivables $ 156,000 $ 120,000 Inventory $ 180,000 $ 220,000 Plant assets $ 160,000 $ 135,000 Accumulated depreciation $ (80

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