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.

__________________________________________________________________

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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