Question: Would anyone be able to help me with this? (Analyzing common-size financial statements) Use the common-size financial statements found here to respond to your boss'

 Would anyone be able to help me with this? (Analyzing common-sizefinancial statements) Use the common-size financial statements found here to respond toyour boss' request that you write up your assessment of the firm's

Would anyone be able to help me with this?

(Analyzing common-size financial statements) Use the common-size financial statements found here 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.) 2016 $ 1.4 % 450 6,010 18.2 28.9 48.4 % 9.530 15.990 17,030 33,020 51.6 100.0 % 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 A 21.7 % 20.6 $ 7,170 6,800 13,970 7,030 21,000 42.3 % 21.3 Go 63.6 % 36.4 12,020 33,020 $ 100.0 % Common-Size Income Statement 2016 2016 100.0 % 66.6 $ 33.4 % Common-Size Income Statement Revenues Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Earnings before taxes Income taxes 26.5 30,000 (19,980) 10,020 (7,960) 2,060 (910) 1,150 (418) 732 6.9% 3.0 $ 3.8 % 1.4 Net income $ 2.4 %

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