(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: B: a. After discussing your training asignment with a fellow analyst who was hired last year, you learn 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. A Data Table - X a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your completing the assignment is to prepare a common-size balance sheet for Patterson. Complete the common-size balance sheet below: (Round to one decimal place.) Common-Size Balance Sheet Cash and marketable securities Accounts receivable Inventory Total current assets Net property, plant, and equipment 2016 460 5,970 9,460 15,890 16,970 32,860 7,190 Patterson Printing Company Balance Sheet, December 31, 2016 Cash and marketable securities Accounts receivable Inventory Total current assets Net property, plant, and equipment Total assets Accounts payable Short-term debt Total current liabilities Long-term liabilities Total liabilities Total common stockholders' equity Total liabilities and stockholders' equity $460 5,970 9,460 $15,890 16,970 $32,860 $7,190 6,800 $13,990 7,000 $20,990 11,870 $32,860 6.800 Total assets Accounts payable Short-term debt Total current liabilities Long-term liabilities Total liabilities S 13,990 7,000 20,990 11,870 32,860 Total common stockholders' equity Total liabilities and shareholders' equity $ Patterson Printing Company Income Statement for the Year Ended December 31, 2016 Revenues $30,040 Cost of goods sold (20,000) Gross profit $10,040 Operating expenses (8,050) Net operating income $1,990 Interest expense (870) Earnings before taxes $1,120 Income taxes (407) Net income $713 Enter any number in the edit fields and then click Check Answer. Done