a. How much cash does Patterson have on hand relative to its total assets? b. What proportion of Patterson's assets has the firm financed using short-term debt? Long-term debt? c. What percentage of Patterson's revenues does the firm have left over after paying all of its expenses (including taxes)? d. Describe the relative importance of Patterson's major expense categories, includ- ing cost of goods sold, operating expenses, and interest expense. Patterson Printing Company Common-Size Balance Sheet December 31, 2016 Amount Percent 500 1.52% 18.18% 6,000 9,500 28.78% Cash and marketable securities Accounts receivable Inventory Total current assets Net property, plant and equipment Total assets $ $ $ $ $ $ 16,000 48.48% 17,000 51.52% 100.00% 33,000 Accounts payable $ Short-term debt $ Total current liabilities $ Long-term liabilities $ Total liabilities $ Total common stockholders' equity $ Total liabilities and stockholders' equity $ Patterson Printing Company 7,200 6,800 14,000 7,000 21,000 21.82% 20.61% 42.43% 21.21% 63.64% 36.36% 12,000 33,000 100.00% Common-Size Income Statement For the Year Ended December 31, 2016 Amount Percent 100.00% Revenues 30,000 20,000 66.67% 10,000 33.33% 8,000 26.67% $ $ $ $ $ $ $ $ $ Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Earnings before taxes Income taxes Net income 2,000 6.66% 3.00% 900 1,100 3.66% 400 1.33% 700 2.33%