The Kelly Services, Inc., and subsidiaries partial statement s of earnings from its annual report are presented below. 20202019Revenues from services4314.85517.3Cost of services3613.14539.7Gross Profit701.7977.6Selling and administrative expense794.7967.4Asset impairments53.180.5Net earnings (loss)(164.1)(70.3) Prepare a horizontal common size analysis, and comment on the trend.

Name: The Kelly Services, Inc., and subsidiaries partial statement s of earn
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Description: The Kelly Services, Inc., and subsidiaries partial statement s of earnings from its annual report are presented below. 20202019Revenues from services4314.85517.3Cost of services3613.14539.7Gross Profit701.7977.6Selling and administrative expense794.7

Comparative balance sheet used to compare the financial statement of two or more periods. It is…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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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