The Kelly Services, Inc., and Subsidiaries balance sheets from its 2008 annual report are presented in Exhibit

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The Kelly Services, Inc., and Subsidiaries balance sheets from its 2008 annual report are presented in Exhibit 5-4.

Required

a. Using the balance sheets, prepare a vertical common-size analysis for 2008 and 2007. Use total assets as a base.

b. Using the balance sheets, prepare a horizontal common-size analysis for 2008 and 2007. Use 2007 as the base.

c. Comment on significant trends that appear in (a) and (b).

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Financial Reporting and Analysis Using Financial Accounting Information

ISBN: 978-1439080603

12th Edition

Authors: Charles H Gibson

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Question Posted: Jun 22, 2012 09:08 AM

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The Kelly Services, Inc., and Subsidiaries balance sheets from its 2008 annual report are presented in Exhibit

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a Kelly Securities Inc and Subsidiaries Balance Sheets December 31 2008 and December 31 2007 Vertical CommonSize Analysis In Percentage 2008 2007 Assets Current assets Cash and equivalents 81 59 Trade ...View the full answer

Financial Reporting and Analysis Using Financial Accounting Information

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