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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: LOADING.... 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 a common-size balance sheet for Patterson. Complete the common-size balance sheet below:(Round to one decimal place.) Common-Size Balance Sheet 2016 Cash and marketable securities $ 530 % Accounts receivable 5,980 Inventory 9,490 Total current assets $ 16,000 % Net property, plant, and equipment 17,020 Total assets $ 33,020 % Accounts payable $ 7,150 % Short-term debt 6,760 Total current liabilities $ 13,910 % Long-term liabilities 7,050 Total liabilities $ 20,960 % Total common stockholders equity 12,060 Total liabilities and shareholders equity $ 33,020 %

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