A condensed income statement for Kelly.com and a partially completed vertical analysis are presented below. Required: 1.

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A Condensed Income Statement For Kelly Com And A Partially Completed Vertical Analysis Are Presented Below Required 1 1 (34.12 KiB) Viewed 54 times

A condensed income statement for Kelly.com and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of sales revenues. 2. Does Kelly's Cost of Goods sold for the current year, as a percentage of revenues, represent better or worse performance as compared to that for the previous year? Dok 3. Has Kelly's net profit margin increased, or decreased, over the two years? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the vertical analysis by computing each missing line item as a percentage of sales revenues. (Round your answers to the nearest whole percent.) KELLY.COM Income Statement (summarized) (in millions of U.S. dollars) Current Year Previous Year Sales Revenues $ 2,000 2,380 Cost of Goods Sold 1,567 1,791 403 416 Selling, General, and Administrative Expenses 49 12 Other Operating Expenses 18 19 Interest Expense 29 142 income before Income Tax Expense 27 Income Tax Expense 115 Net Income $ 6 24 100% $ 76 % % 2% % 1% 0% % S 100% 17% 1% 1% % % %