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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1374 |
Essay's paper body
Manpower is more contstant than Kelly services in that regard. Manpower, has a higher CFO to ACL ratio in 2007 but has a lower current ratio in 2007. Since it seems the CFO to ACL is a more indicative number than the current ratio I would tend to beleive the short term liquidity is greater in 2007 for Manpower than it was in 2006 but not by much at all...
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You can divide these numbers by the number of days in a year to see how qucikly after a service is performed (days outstanding for receivables), the company will collect cash payment. Thus, it is apparent that Kelly Services collects cash at a higher rate than Manpower for both 2006 and 2007 since the frequency that they collect cash is higher than that of Manpowers...
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