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

  
 

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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 Pattersons major expense categories, including cost of goods sold, operating expenses, and interest expenses. a. The cash Patterson has on hand relative to his total ass it is b. The proportion of Pattersons assets that has been financed using short term debt is The proportion of Pattersons assets that has been financed using long-term debt is c. What percent of Patterson's revenues does the firm have left over after paying all of his expenses including taxes? d. Describe the relative importance of Pattersons major expense categories including the cost of goods sold operating expenses in interest expenses. The cost of good sold represents The operating expenses represent The interest expense represents_ _% of Patterson's sales. % of Patterson's sales. % of Patterson's sales. Data Table Common-Size Balance Sheet 2016 Cash and marketable securities 520 16 % Accounts receivable 6.050 18.3 Inventory 9,510 28 8 Total current assets $4 16,080 48.6 % Net property, plant, and equipment 16,980 51.4 Total assets 33,060 100.0 % Accounts payable 7.150 21.6 % Short-term notes 6 750 20 4 Total current liabilities 13,900 42.0 % Long-term liabilities 7.050 21.3 Total liabilities 20.950 63 4 % Total common shareholders equity 12.110 36.6 Total liabilities and shareholders equity 33.060 100.0 % %24 %24 Common-Size Income Statement 2016 Revenues 29,990 100.0 % Cost of goods sold (20,030) 66.8 Gross profit %$4 9,960 33.2 % Operating expenses (7,980) 26.6 Net operating income 1,980 6.6 % Interest expense (920) 3.1 Earnings before taxes 1,060 3.5 % Income taxes (385) 1.3 Net income 675 2.3 % %24 %24 %24 %24 %24 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 Pattersons major expense categories, including cost of goods sold, operating expenses, and interest expenses. a. The cash Patterson has on hand relative to his total ass it is b. The proportion of Pattersons assets that has been financed using short term debt is The proportion of Pattersons assets that has been financed using long-term debt is c. What percent of Patterson's revenues does the firm have left over after paying all of his expenses including taxes? d. Describe the relative importance of Pattersons major expense categories including the cost of goods sold operating expenses in interest expenses. The cost of good sold represents The operating expenses represent The interest expense represents_ _% of Patterson's sales. % of Patterson's sales. % of Patterson's sales. Data Table Common-Size Balance Sheet 2016 Cash and marketable securities 520 16 % Accounts receivable 6.050 18.3 Inventory 9,510 28 8 Total current assets $4 16,080 48.6 % Net property, plant, and equipment 16,980 51.4 Total assets 33,060 100.0 % Accounts payable 7.150 21.6 % Short-term notes 6 750 20 4 Total current liabilities 13,900 42.0 % Long-term liabilities 7.050 21.3 Total liabilities 20.950 63 4 % Total common shareholders equity 12.110 36.6 Total liabilities and shareholders equity 33.060 100.0 % %24 %24 Common-Size Income Statement 2016 Revenues 29,990 100.0 % Cost of goods sold (20,030) 66.8 Gross profit %$4 9,960 33.2 % Operating expenses (7,980) 26.6 Net operating income 1,980 6.6 % Interest expense (920) 3.1 Earnings before taxes 1,060 3.5 % Income taxes (385) 1.3 Net income 675 2.3 % %24 %24 %24 %24 %24

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