(Preparing common-size 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 financial statements. The 2016 balance sheet and income statement for the Patterson are shown here: a. After discussing your training asignment with a fellow 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. b. The second step is to prepare a common-size income statement for the firm, Complete the common-size income statement below. (Round to one decimal place.) 2016 $ $ % Common-Size Income Statement Revenues Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Earnings before taxes Income taxes $ 29.900 (19.990) 9.970 (7.980) 1.990 (850) 1.140 (415) 725 % $ % Net income * Enter any number in the edit fields and then click Check Answer All parts showing Clear All Check Answer A