Chapter 4 Homework Question 1, P4-1 (similar to) Part 1 of 2 HW Score: 21.07 %, 1.69 of 8 points Points: 0 of 1 Save K (Preparing common size financial statements) As the newest hire to the financial analysis group at Pattonon Printing Company, you have been asked in perem 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. a. After discussing your training asignment with a follow analyst who was hired last year you learn that the first step in your completing the assignment is to prepare a common balance sheet for Patterson b. The second step is to prepare a common size income statement for the firs Common Size Balance Sheet 2016 Cash and marketable securities 470 14 % Accounts receivable 6,000 183 Inventory 5.510 209 Total current assets 3 15.900 455 % Net property, plant, and equipment 16.950 515 Total assets $ 32.930 100.0 Accounts payable $ 7.250 Short-term debt 6.050 208 Total current Rabilities $ 14.100 his View an example Get more help- Clear all Final check