Homework: Chapter 4 Homework Score: 0 of 1 pt P4-2 (similar to) Save 42 0f 6 (1 complete) HW Score: 096, 0016 pts Question Help . Analyzing common size financial statements) Use the common-size financial statements found here: EEB to respond to your boss' request that you write up your assessment of the firm's financial condition. Specifically, write up a brief narrative that responds to the following questions Data Table a. How much cash does Patterson have on hand relative to its total assets? b. What proportion of Patterson's assets has the firm financed using short-tm debt? Long-term debt? c. What percent of Patterson's revenues does the firm have left over after paying all of its expenses (including taxes)? d. Describe the relative importance of Patterson's major expense categories, including cost of goods sold, operating expenses, and Common-Size Balance Sheet 2016 a. How much cash does Patterson have on hand relative to its total assets? Cash and marketable securities Accounts receivable Inventory 490 6.030 9.480 16,000 16,990 1.5 % 18.3 28.7 48.5 % 51.5 The cash Patterson has on hand relative to its total assets is %. (Round to one decimal place.) Total current assets Net property, plant, and equipment Total assets 32.990 100.0 % 7.200 6.850 14,050 7,020 21,070 11,920 Accounts payable 21.8 % 20.8 426 % 21.3 63.9 % 36.1 Short-term notes Total current liabilities Long-term liabilities Total liabilities Total common shareholders Enter your answer in the answer box and then click Check Answer parts remaining Clear All