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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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