(Analyzing common-size financial statements) Use the common-size financial statements found here: EEB 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 How much cash does Carver have on hand relative to its total assets? a. What proportion of Carver's assets has the firm financed using short-term debt? Long-term debt? b. What percent of Carver's revenues does the firm have left over after paying all of its expenses (including taxes)? c. Describe the relative importance of Carver's major expense categories including cost of goods sold, operating expenses, and interest expenses a. What proportion of Carver's assets has the firm financed using short-term debt? Long-term debt? The proportion of Carver's assets that has been financed using short-term debt is %. (Round to one decimal place.) The proportion of Carver's assets that has been financed using long-term debt is%. (Round to one decimal place.) b. What percent of Carver's revenues does the firm have left over after paying all of its expenses (including taxes)? The percent of Carver's revenues that remained after paying all of its expenses is %. (Round to one decimal place.) c. Describe the relative importance of Carver's major expense categories including cost of goods sold, operating expenses, and interest expenses The cost of goods sold represents % of Carver's sales. (Round to one decimal place.) (Analyzing common-size financial statements) Use the common-size financial statements found here: EEB 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 How much cash does Carver have on hand relative to its total assets? a. What proportion of Carver's assets has the firm financed using short-term debt? Long-term debt? b. What percent of Carver's revenues does the firm have left over after paying all of its expenses (including taxes)? c. Describe the relative importance of Carver's major expense categories including cost of goods sold, operating expenses, and interest expenses a. What proportion of Carver's assets has the firm financed using short-term debt? Long-term debt? The proportion of Carver's assets that has been financed using short-term debt is %. (Round to one decimal place.) The proportion of Carver's assets that has been financed using long-term debt is%. (Round to one decimal place.) b. What percent of Carver's revenues does the firm have left over after paying all of its expenses (including taxes)? The percent of Carver's revenues that remained after paying all of its expenses is %. (Round to one decimal place.) c. Describe the relative importance of Carver's major expense categories including cost of goods sold, operating expenses, and interest expenses The cost of goods sold represents % of Carver's sales. (Round to one decimal place.)