Question

The following balances were taken from the December 31, 2012, balance sheet of Manpower Inc., a world-leading workforce provider (dollars in millions):
Current assets ........ $5,061
Long-term assets ....... 1,952
Current liabilities ....... 3,677
Long-term liabilities ...... 835
Shareholders’ equity ...... 2,501
Early in 2013, Manpower considered the financial effects of several events.

REQUIRED:
For each of the five events listed here, indicate how each event would affect the financial ratios listed by completing the following chart. Assume that financial statements are prepared1 immediately after each event.
Treat each event independently, and use the following key: Increase (+), Decrease (–), and No Effect(NE).


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  • CreatedAugust 19, 2014
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