Kelly Services

In: Business and Management

Submitted By bngoai
Words 595
Pages 3
Kelly Services
To find out if Kelly Services is under performing or over performing, it is a good idea to take a look at the company's financial statements and evaluate its condition base on this. They should compare the company’s financial ratios relative to their competitors. Some of the main items used in valuing a company’s performances are: sales, earnings per share, dividends, current assets, current liabilities, and long-term debt. By using these items they can determine the company’s financial ratios to value the company’s health relative to their competitors.
A company can benefit from tax advantages by incorporating debt into its capital structure. The reason for this is that interest on debt is tax deductible on a company’s income statement. When a company issues debt in the form of bonds the interest paid is taxed only once at the personal level. On the other hand, equity has no tax advantage to a corporation. The dividends paid to equity holders are taxed twice, once at the corporate level and once at the personal level. At the current time Kelly Services is only equity financed. However, the company could benefit from this tax advantage by incorporating debt into their capital structure. Even though debt has an advantage to the company’s financial statements, it does not increase overall value to the firm.
As company alters their capital structure they are changing the risk of the firm, while at the same time they are changing the required rate of return demanded by shareholders. When a company is all-equity financed, the distribution of earnings goes directly to the shareholders. When a company takes on debt, distributions are divided between debt-holders and equity holders, with debt-holders having priority claim. Another risk that is associated with this debt structure is the risk of default. When a company is near bankruptcy…...

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