?(Analyzing common-size financial? statements) Use the? common-size financial statements found? here: LOADING... to respond to your? boss' request that you write up your assessment of the? firm's financial condition.? Specifically, write up a brief narrative that responds to the following? questions:

a. How much cash does Patterson have on hand relative to its total? assets?

b. What proportion of? Patterson's assets has the firm financed using? short-term debt?? Long-term debt?

c. What percent of? Patterson's revenues does the firm have left over after paying all of its expenses? (including taxes)?

d. Describe the relative importance of? Patterson's major expense? categories, including cost of goods? sold, operating? expenses, and interest expenses. a. How much cash does Patterson have on hand relative to its total? assets? The cash Patterson has on hand relative to its total assets is nothing?%. ?(Round to one decimal? place.)

Common-Size Balance Sheet			2016
Cash and marketable securities	$		550		1.7		%
Accounts receivable			6,030		18.2
Inventory			9,550		28.8
Total current assets	$		16,130		48.7		%
Net property, plant, and equipment			16,990		51.3
Total assets	$		33,120		100.0		%
Accounts payable	$		7,180		21.7		%
Short-term notes			6,810		20.6
Total current liabilities	$		13,990		42.2		%
Long-term liabilities			6,980		21.1
Total liabilities	$		20,970		63.3		%
Total common shareholders equity			12,150		36.7
Total liabilities and shareholders equity	$		33,120		100.0		%
Common-Size Income Statement				2016
Revenues		$		29,950		100.0		%
Cost of goods sold				(20,030)		66.9
Gross profit		$		9,920		33.1		%
Operating expenses				(8,010)		26.7
Net operating income		$		1,910		6.4		%
Interest expense				(930)		3.1
Earnings before taxes		$		980		3.3		%
Income taxes				(356)		1.2
Net income		$		624		2.1		%