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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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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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