he Kelly Services, Inc., and subsidiaries partial statement s of earnings from its annual report are presented below. 2020 2019 Revenues from services 4314.8 5517.3 Cost of services 3613.1 4539.7 Gross Profit 701.7 977.6 Selling and administrative expense 794.7 967.4 Asset impairments 53.1 80.5 Net earnings (loss) (164.1) (70.3) Prepare a horizontal common size analysis, and comment on the trend.
he Kelly Services, Inc., and subsidiaries partial statement s of earnings from its annual report are presented below. 2020 2019 Revenues from services 4314.8 5517.3 Cost of services 3613.1 4539.7 Gross Profit 701.7 977.6 Selling and administrative expense 794.7 967.4 Asset impairments 53.1 80.5 Net earnings (loss) (164.1) (70.3) Prepare a horizontal common size analysis, and comment on the trend.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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The Kelly Services, Inc., and subsidiaries partial statement s of earnings from its annual report are presented below.
| 2020 | 2019 | |
| Revenues from services | 4314.8 | 5517.3 |
| Cost of services | 3613.1 | 4539.7 |
| Gross Profit | 701.7 | 977.6 |
| Selling and administrative expense | 794.7 | 967.4 |
| Asset impairments | 53.1 | 80.5 |
| Net earnings (loss) | (164.1) | (70.3) |
Prepare a horizontal common size analysis, and comment on the trend.
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