Question
How much cash does Patterson have on hand relative to its total assets? The cash Pattersons assets has on hand relatives to its total assets
How much cash does Patterson have on hand relative to its total assets?
The cash Pattersons assets has on hand relatives to its total assets is __ (round to one decimal)
What proportion of Patterson's assets has the firm financed using short-term debt? Long-term debt?
The proportion of Pattersons assets that has been financed using short-term debt is __% (round to the one decimal place)
The proportion of Pattersons assets that has been financed using long-term debt is __% (round to the one decimal place)
What percent of Patterson's revenues does the firm have left over after paying all of its expenses (including taxes)?
The percent of Pattersons revenues that remained after paying all of its expenses is __ % (round to the one decimal place)
d. Describe the relative importance of Patterson's major expense categories, including cost of goods sold, operating expenses, and interest expenses
The COGS represents __% of Pattersons sales (round to the one decimal place)
The operating expenses represent __% of Pattersons sales (round to the one decimal place)
The interest expense represent __% of Pattersons sales (round to the one decimal place)
Common-Size Balance Sheet |
| 2016 |
|
| |||||
Cash and marketable securities | $ | 550 | 1.7 | % | |||||
Accounts receivable |
| 6,020 | 18.3 |
| |||||
Inventory |
| 9,450 | 28.7 |
| |||||
Total current assets | $ | 16,020 | 48.6 | % | |||||
Net property, plant, and equipment |
| 16,960 | 51.4 |
| |||||
Total assets | $ | 32,980 | 100.0 | % | |||||
Accounts payable | $ | 7,230 | 21.9 | % | |||||
Short-term notes |
| 6,810 | 20.6 |
| |||||
Total current liabilities | $ | 14,040 | 42.6 | % | |||||
Long-term liabilities |
| 6,970 | 21.1 |
| |||||
Total liabilities | $ | 21,010 | 63.7 | % | |||||
Total common shareholders equity |
| 11,970 | 36.3 |
| |||||
Total liabilities and shareholders equity | $ | 32,980 | 100.0 | % | |||||
Common-Size Income Statement |
| 2016 |
|
| |||||
Revenues | $ | 29,990 | 100.0 | % | |||||
Cost of goods sold |
| (20,020) | 66.8 | ||||||
Gross profit | $ | 9,970 | 33.2 | % | |||||
Operating expenses |
| (8,000) | 26.7 | ||||||
Net operating income | $ | 1,970 | 6.6 | % | |||||
Interest expense |
| (950) | 3.2 | ||||||
Earnings before taxes | $ | 1,020 | 3.4 | % | |||||
Income taxes |
| (371) | 1.2 | ||||||
Net income | $ | 649 | 2.2 | % |
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