TIV JLuie. U7, U UI 9 pls P4-1 (similar to) Question Help (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 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. 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 2016 ay $ Cash and marketable securities Accounts receivable 450 1.4 9 18.3 Inventory Total current assets 6,050 9,550 28.9 $ 16,050 48.6 % Net property, plant, and equipment 51,5 17.010 33,060 $ 100.0 % Total assets Accounts payable Short-term debt $ 7,160 21.7 % 20.5 Total current liabilities 6,760 13.920 $ 42.1 % Long-term liabilities 7,000 21.2 AN Enter any number in the edit fields and then click Check Answer 87 e @ RA A P4-1 (similar to) Question He (Preparing common-size financial stat s) As the newest hire to the financial analysis group at Patterson Printing Company, you have bee to perform a basis financial analysis of the company's most recent financial statements. The 2016 balance sheet and income statement for the Pa are shown here: !! 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 assign to prepare a common-size balance sheet for Patterson b. The second step is to prepare a common-size income statement for the firm. Accounts payable $ 7,160 21.7 % Short-term debt 6,760 20.5 Total current liabilities $ 13,920 42.1 % Long-term liabilities 7,000 21.2 Total liabilities S 63.3 % Total common stockholders' equity 20,920 12,140 36.7 Total liabilities and shareholders' equity $ 33,060 100.0 % 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.) Common-Size Income Statement 2016 $ 29,970 % Revenues Cost of goods sold Gross profit Operating expenses (19,950) $ 10,020 % (8,020) Enter any number in the edit fields and then click Check Answer of 87 E (muito) (Preparing commo to perform a basis final are shown here: statements) As the newest hire to the financial analysis group at Patterson Printing Compa anal of the company's most recent financial statements. The 2016 balance sheet and income sta a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your comp to prepare a common-size balance sheet for Patterson. b. The second step is to prepare a common-size income statement for the firm. Tolar Common STOCKTONers equity Total liabilities and shareholders' equity $ 33,060 100.0 % T2,10 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.) Common-Size Income Statement 2016 Revenues $ % 29,970 (19,950) 10,020 $ % Cost of goods sold Gross profit Operating expenses Net operating income (8,020) $ 2.000 % Interest expense Earnings before taxes $ (930) 1,070 (389) % Income taxes Net income 681 % Enter any number in the edit fields and then click Check
