Please do parts A, B, C, D

(Analyzing common-size financial statements) Use the common-size financial statements found here: 5 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 %. (Round to one decimal place.) Data table 2016 $ 550 1.7 % 6,040 18.3 9,450 28.6 $ CA 48.5 % 16,040 17,010 33,050 51.5 100.0 % Common-Size Balance Sheet Cash and marketable securities Accounts receivable Inventory Total current assets Net property, plant, and equipment Total assets Accounts payable Short-term notes Total current liabilities Long-term liabilities Total liabilities Total common shareholders' equity Total liabilities and shareholders' equity $ $ 7,200 21.8 % 6,850 20.7 $ 14,050 42.5 % 7,050 21.3 $ 63.8 % 21,100 11,950 33,050 36.2 CA 100.0 % 2016 $ 100.0 % 66.5 $ 33.5 % Common-Size Income Statement Revenues Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Earnings before taxes Income taxes Net income 30,030 (19,960) 10,070 (7.990) 2,080 (870) 26.6 $ 6.9% 2.9 GA $ 1,210 4.0 % 1.5 (440) 770 2.6 % CA Print Done