The following balances were taken from the December 31, 2008, balance sheet of Manpower, Inc., a world-leading
Question:
The following balances were taken from the December 31, 2008, balance sheet of Manpower, Inc., a world-leading workforce provider (dollars in millions):
Current assets ? ? ? ? ? ? ? ? ? ? ? ? ?$4,690
Long-term assets? ? ? ? ? ? ? ? ? ? ? 1,928
Current liabilities? ? ? ? ? ? ? ? ? ? ? 2,907
Long-term liabilities? ? ? ? ? ? ? ?? 1,228
Shareholders? equity ? ? ? ? ? ? ? ?2,483
Early in 2009, 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 prepared immediately after each event. Treat each event independently, and use the following key: Increase (+), Decrease (???) and No Effect (NE).
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Financial Ratios
The term is enough to curl one's hair, conjuring up those complex problems we encountered in high school math that left many of us babbling and frustrated. But when it comes to investing, that need not be the case. In fact, there are ratios that,...
Step by Step Answer:
Return on Current Debt Sales Ratio Equity 1 Purchase equipment for cas...View the full answer
