Question: 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
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.
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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 |
|
|
| Cash and marketable securities | $ | 500 | ? | % |
| Accounts receivable |
| 6,000 | ? |
|
| Inventory |
| 9,500 | ? |
|
| Total current assets | $ | 16,000 | ? | % |
| Net property, plant, and equipment |
| 17,000 | ? |
|
| Total assets | $ | 33,000 | 100.0 | % |
| Accounts payable | $ | 7,200 | ? | % |
| Short-term debt |
| 6,800 | ? |
|
| Total current liabilities | $ | 14,000 | ? | % |
| Long-term liabilities |
| 7,000 | ? |
|
| Total liabilities | $ | 21,000 | ? | % |
| Total common stockholders equity |
| 12,000 | ? |
|
| Total liabilities and shareholders equity | $ | 33,000 | ? | % |
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