Homework: Chapter 4 Homework Save Score: 0 of 2 pts 1 of 6 (0 complete HW Score: 0%, 0 of 9 pts P4-1 (similar to) Question Help Preparing common-se financial statements) 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 francial statements The 2016 balance sheet and come statement for the Patterson are shown here: . Ahor discussing your training Agent with a fellow analyst who was hired last year, you leam that the first step in your completing the assigment is to prepare a common size balance sheet for Patterson. b. The second steps to prepare a common-se income statement for the firm. 2. Aher discussing your aning agent with a felow analyst who was hired last year, you leam that the first step in your completing the time is to prepare a common size balance short for Patterson Complete the common se balance sheet below. Round to one decimal place.) Common Se Balance Sheet 2016 Cash and marble securities $ 15 % Accounts receivable 6.050 Inventory 9500 28.7 Total current assets 5 16.000 48.5 Net property, plant, and equipment 17.030 51.5 Totalt 33,070 100.0 Accounts payable 7.240 21.9 Short-term debt 8.840 207 Tool currenties $ 14.00 Long-orabe 6.990 21.1 5 21.070 63.7 Total common ockholders' equity 12.000 383 Totallaties and shareholders equity 5 33,070 1 5 100 % Enter any number in the edit fields and then click Check Answer 2 All parts showing Clear All Check Answer MacBook Pro Save Homework: Chapter 4 Homework Score: 0 of 2 pts 1 of 60 completo HW Score: 0%, 0 of 9 pt P4-1 (similar to) Question Help (Preparing common size financial statements) As the newest hire to the financial analysis group at Paterson 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 Paterson are shown here: a. Aher discussing your training asignment with a flow analyst who was hired last year, you leam 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. Long-term labies 6.890 21.1 Total liabilities $ 21,070 63.7 Totalcommon stockholders' equity 12.000 383 Total liabilities and shareholders' equity s 100.0 b. The second step is to prepare a common-size income statement for the firm Complete the common-site income statement below. (Round to one decimal place) 33,070 Common-Size Income Statement 2016 Revenues $ 30.000 100 $ Cost of goods sold Gross pro Operating expenses Net operating income Interest expense Eamings before taxes Income taxes $ (20,010) 9.990 18,000 1.940 (900) 1.040 (378) Net income $ Enter any number in the edit fields and then click Check Answer All parts showing Clear Al Check Answer MacBook Pro