Save Score: 0 of 2 pts 1 of 10 (5 complete) Hw score: 40%, 8 of 20 p EQuestion Help re to the financial analysis group at Patterson Printing Company, you have been asked to perfom P4-1 (similar to) (Preparing common-size financial statements) As the newest hir a basis fnancial analysis of the company's most recent fnancial statements. The 2016 bal lance sheet and income statement for the Patterson are shown here: E a. After discussing your training asignment with a fellow analyst who was hired la a common-size balance sheet for Patterson. st year, you learn that the first step in your completing the assignment is to prepare b. The second step is to prepare a common-size income statement for the firm. 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 a common-size balance sheet for Patterson. Complete the common-size balance sheet below: (Round to one decimal place) Common-Size Balance Sheet 2016 Cash and marketable securities Accounts receivable Inventory 500 6,030 9,500 16,030 7,040 33,070 Total current assets Net property plant, and equipment Total assets Enter any number in the edit fields and then click Check Answer 1 of 10 (5 complete) HW ncial statements) As the newest hire to the financial analysis group at Patterson Printing Company. you company's most recent financial statements. The 2016 balance sheet and income statement for the Patt asignment with a fellow analyst who was hired last year, you learn that the first step in your completing th or Patterson. e a common-size income statement for the firm. asianment with a fallaw analust wbewas hired last vear vow learn that the first sten in wourcomalatina Data Table Patterson Printing Company Balance Sheet, December 31, 2016 Cash and marketable securities Accounts receivable Inventory $500 6,030 9,500 $16,030 17,040 $33,070 $7,240 6,820 $14,060 6,950 $21,010 12,060 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 hec 1 of 10 (5 complete) ial statements) As the newest hire to the financial analysis group at Patterson Printing Company, you ha mpany's most recent financial statements. The 2016 balance sheet and income statement for the Patters signment with a fellow analyst who was hired last year, you learn that the first step in your completing the a Patterson. a common-size income statement for the firm. i Data Table Total current liabilities Long-term liabilities Total liabilities Total common stockholders' equity Total liabilities and stockholders' equity $14,060 6,950 $21,010 12,060 $33,070 Patterson Printing Company Income Statement for the Year Ended December 31, 2016 Revenues $30,050 (20,050) $10,000 (8,030) $1,970 (930) $1.040 Cost of goods sold Gross profit Operating expenses Net operating income Interest expense heck A Earninas before taxes
