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Use the common-size financial statements found here:

Common-Size Balance Sheet		2016
Cash and marketable securities	$	460	1.4	%
Accounts receivable		6,040	18.3
Inventory		9,480	28.8
Total current assets	$	15,980	48.5	%
Net property, plant, and equipment		16,960	51.5
Total assets	$	32,940	100.0	%
Accounts payable	$	7,220	21.9	%
Short-term notes		6,790	20.6
Total current liabilities	$	14,010	42.5	%
Long-term liabilities		7,020	21.3
Total liabilities	$	21,030	63.8	%
Total common shareholders equity		11,910	36.2
Total liabilities and shareholders equity	$	32,940	100.0	%

Common-Size Income Statement		2016
Revenues	$	29,960	100.0	%
Cost of goods sold		(19,960)	66.6
Gross profit	$	10,000	33.4	%
Operating expenses		(7,970)	26.6
Net operating income	$	2,030	6.8	%
Interest expense		(920)	3.1
Earnings before taxes	$	1,110	3.7	%
Income taxes		(404)	1.3
Net income	$	706	2.4	%

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.)

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