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.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 26E: Comprehensive income Anson Industries, Inc., reported the following information on its 20Y1 income...
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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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