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 percent 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, including cost of goods sold, operating expenses, and interest expenses.

Common-Size Balance Sheet		2016
Cash and marketable securities	$	540	1.6	%
Accounts receivable		6,040	18.3
Inventory		9,460	28.6
Total current assets	$	16,040	48.5	%
Net property, plant, and equipment		17,010	51.5
Total assets	$	33,050	100.0	%
Accounts payable	$	7,220	21.8	%
Short-term notes		6,770	20.5
Total current liabilities	$	13,990	42.3	%
Long-term liabilities		6,960	21.1
Total liabilities	$	20,950	63.4	%
Total common shareholders equity		12,100	36.6
Total liabilities and shareholders equity	$	33,050	100.0	%

Common-Size Income Statement		2016
Revenues	$	29,960	100.0	%
Cost of goods sold		(20,040)	66.9
Gross profit	$	9,920	33.1	%
Operating expenses		(7,990)	26.7
Net operating income	$	1,930	6.4	%
Interest expense		(850)	2.8
Earnings before taxes	$	1,080	3.6	%
Income taxes		(393)	1.3
Net income	$	687	2.3	%