Question (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 francia statements. The 2016 balance sheet and income statement for the Patterson we shown here: a. After discussing your training asigment with a follow analyst who was hired last year, you nam hot 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. Aher discussing your training asigment 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 commonsire balance sheet below. Round to one decimal place) 2016 $ 550 6,020 9,460 $ 16.030 Common Size Balance Sheet Cash and marketablertes Accounts receivable Inventory Total current assets Net property, plant, and equipment Total asset Accounts payable Short-term debit Total current Long-term labis Totallas Total common stockholders' quity $ 32.990 % $ 7.200 810 5 14.000 7010 $ 21.070 Complete the common-size balance sheet below: (Round to one decimal place.) Common-Size Balance Sheet 2016 550 % Cash and marketable securities Accounts receivable Inventory Total current assets 6,020 9,460 16,030 16,960 $ Net property, plant, and equipment Total assets 32,990 % $ $ Accounts payable % 7,250 6,810 Short-term debt Total current liabilities 14,060 % 7,010 Long-term liabilities Total liabilities % 21,070 11,920 Total common stockholders' equity Total liabilities and shareholders' equity 32,990 % Enter any number in the edit fields and then click Check Answer. nart