Question
As the newest hire to the financial analysis group at Patterson Printing Company, you have been asked to perform a basis financial analysis of the
As the newest hire to the financial analysis group at Patterson Printing Company, you have been asked to perform a basis financial analysis of the company's most recent financial statements. The 2016 balance sheet and income statement for the Patterson are shown here:
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.a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your completing the assignment is to
prepare
a common-size balance sheet for Patterson.
b. The second step is to prepare a common-size income statement for the firm.
a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your completing the assignment is to
prepare
Complete the common-size balance sheet below:(Round to one decimal place.)
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Copy to Clipboard... | + |
Common-Size Balance Sheet |
| 2016 |
|
|
Cash and marketable securities | $ | 450 |
| % |
Accounts receivable |
| 6,000 |
|
|
Inventory |
| 9,550 |
|
|
Total current assets | $ | 16,000 |
| % |
Net property, plant, and equipment |
| 17,040 |
|
|
Total assets | $ | 33,040 |
| % |
Accounts payable | $ | 7,180 |
| % |
Short-term debt |
| 6,830 |
|
|
Total current liabilities | $ | 14,010 |
| % |
Long-term liabilities |
| 6,980 |
|
|
Total liabilities | $ | 20,990 |
| % |
Total common stockholders equity |
| 12,050 |
|
|
Total liabilities and shareholders equity | $ | 33,040 |
| % |
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