(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. .... a. After discussing your training asignment with Patterson. prepare a common-size balance sheet for Data Table i.... Complete the common-size balance sheet beld Common-Size Balance Sheet Cash and marketable securities Accounts receivable Inventory Total current assets Net property, plant, and equipment Total assets Accounts payable Patterson Printing Company Balance Sheet, December 31, 2016 Cash and marketable securities $510 Accounts receivable 6,000 Inventory 9,520 Total current assets S16,030 Net property, plant, and equipment 17.050 Total assets S33.080 Accounts payable $7,200 Short-term debt 6,840 Total current liabilities $14.040 Long-term liabilities 7,010 Total liabilities S21,050 Total common stockholders' equity 12.030 Total liabilities and stockholders' equity $33,080 (Click on the icon in order to copy its contents into a spreadsheet.) Short-term debt Total current liabilities Long-term liabilities Help Me Solve This View an E Clear All Check Answer Patterson Printing Company