ZuoTi.Pro
Question

(Preparing common-size financial statements) As the newest hire to the financial analysis group at Patterson Printing Company, you have been asked to perform a basis financial analysis of the companys most recent financial statements. The 2016 balance sheet and income statement for the Patterson are shown here: E a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your completing the assignment is to prepare a common-size balance sheet for Patterson. b. The second step is to prepare a common-size income statement for the firm. a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your completing the assignment is to prepare a common-size balance sheet for Patterson. Complete the common-size balance sheet below: (Round to one decimal place.) Common-Size Balance Sheet 2016 Cash and marketable securities 520 5,950 9,480 15,950 16,980 32,930 7,240 6,800 14,040 6,980 21,020 11,910 32,930 Accounts receivable Total current assets Not property, plant and equipment Total assets Accounts payable Short-term debt Total current liabilities Long-term liabilities Total liabilities Total common stockholders equity Total liabilities and shareholders equity

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

Home nert Page Layout Formulas Data Review View dd-Ins E AutoSum 11.A. A.--- 9- ー E ゴText ずWrap Text General Copy チFormat Painter B l U. ㄧ˙ タ.Δ. -=- 還便困Merge & Center. $,%, ,,o Paste Conditional Format Cell Insert Delete Format as Table Styles Styles 2 ClearFe Select Edting Clipboard Font IG232 IJ IK IL IM IP IR IS 227 228 229 COMMON-SIZE BALANCE SHEET CURRENT ASSETS CASH & MARKETABLE SECURITIES ACCOUNTS RECEIVABLE INVENTORY TOTAL CURRENT ASSETS FIXED ASSETS NET PLANT &EQUIPMENT TOTAL ASSETS 2016 % HOW I GOT THE FIGURES 520 5950 9480 15950 1.58% 520/3293O EACH FIGURE IS DIVIDED BY TOTAL ASSETS 18.07% 595O/32930 28.79% AND SO ON 48.44% 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 16980 32930 51.56% 100.00% CURRENT LIABILITIES ACCOUNTS PAYABLE SHORT TERM DEBT TOTAL CURRENT LIABILITIES LONG TERM LIABILITIES TOTAL LIABILITIES TOTAL COMMON STOCKHOLDERS EQUITY TOTAL LIABILITIES & OWNERS EQUITY 7240 6800 14040 6980 21020 11910 32930 BEP. OL FL 21.99% 7240/3293O 20.65% 6800/3293° AND SO ON 42.64% 21.20% 63.83% 36.17% 100.00% CASH BUDGET erences: EX23 | FIFO . budget 45 days ¡ cycle ROE, BV MV ato VARIANCE atos B-S profit loss . SALES BUDGET du ont . DIFF ANALYSIS overhead float 0 4 02:41 24-01-2019

2 0
Add a comment
Know the answer?
Add Answer to:
(Preparing common-size financial statements) As the newest hire to the financial analysis group at Patterson Printing...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • (Preparing common-size financial statements) As the newest hire to the financial analysis group at Patterson Printing...

    (Preparing common-size financial statements) As the newest hire to the financial analysis group at Patterson Printing Company, you have been asked to perform a basis financial analysis of the company's most recent financial statements. The 2016 balance sheet and income statement for the Patterson are shown here: :: a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your completing the assignment is to prepare a common-size balance...

  • As the newest hire to the financial analysis group at Patterson Printing Company, you have been...

    As the newest hire to the financial analysis group at Patterson Printing Company, you have been asked to perform a basis financial analysis of the company's most recent financial statements. The 2016 balance sheet and income statement for the Patterson are shown here: LOADING... .a. After discussing your training asignment with a fellow analyst who was hired last year, you learn that the first step in your completing the assignment is to prepare a common-size balance sheet for Patterson. b....

  • (Analyzing common-size financial statements) Use the common-size financial statements found here: to respond to your boss'...

    (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...

  • ​(Analyzing common-size financial​ statements) Use the​ common-size financial statements found​ here: LOADING... to respond to your​...

    ​(Analyzing common-size financial​ statements) Use the​ common-size financial statements found​ here: LOADING... 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...

  • A main element of financial statement analysis is the use of common-size financial statements, also called...

    A main element of financial statement analysis is the use of common-size financial statements, also called "vertical analysis." A common-size balance sheet divides each account's value by the value of total assets, while a common-size income statement divides each entry by net sales revenue Common-size balance sheets immediately show how a firm's assets, liabilities, and equity are distributed. Common-size income statements give a quick snapshot of how various expenses and types of income relate to sales revenue. The following common-size...

  • Common-Size and Common-Base-Year Financial Statements In addition to common-size financial statements, common-base-year financial statements are often...

    Common-Size and Common-Base-Year Financial Statements In addition to common-size financial statements, common-base-year financial statements are often used. Common-base-year financial statements are constructed by dividing the current-year account value by the base-year account value. Thus, the result shows the growth rate in the account. Using the financial statements below, construct the common-size balance sheet and common-base-year balance sheet for the company. Use 2016 as the base year.

  • In addition to common-size financial statements, common–base year financial statements are often used. Common–base y...

    In addition to common-size financial statements, common–base year financial statements are often used. Common–base year financial statements are constructed by dividing the current year account value by the base year account value. Thus, the result shows the growth rate in the account.    Prepare the common-size balance sheet and common–base year balance sheet for the company. Use 2014 as the base year. (Do not round intermediate calculations. Enter your common-size answers as a percent and your common–base year answers as...

  • Use the common-size financial statements found here: 6 parts remaining Clear All Check Answer Data Table...

    Use the common-size financial statements found here: 6 parts remaining Clear All Check Answer Data Table Common-Size Balance Sheet 2016 Cash and marketable securities $ 500 1.5 % Accounts receivable 6,000 18.2 Inventory 9,500 28.8 Total current assets $ 16,000 48.5 % Net property, plant, and equipment 17,000 51.5 Total assets $ 33,000 100.0 % Accounts payable $ 7,200 21.8 % Short-term notes 6,800 20.6 Total current liabilities $ 14,000 42.4 % Long-term liabilities 7,000 21.2 Total liabilities $ 21,000...

  • Preparing Standardized Financial Statements [LO1] Prepare the 2018 combined common-size, common-base year balance sheet for Just...

    Preparing Standardized Financial Statements [LO1] Prepare the 2018 combined common-size, common-base year balance sheet for Just Dew It. Sources and Uses of Cash [LO1] For each account on this company’s balance sheet, show the change in the account during 2018 and note whether this change was a source or use of cash. Do your numbers add up and make sense? Explain your answer for total assets as compared to your answer for total liabilities and owners’ equity. JUST DEW IT...

  • Using vertical analysis, prepare a common size comparative balance sheet. (Round percentages to 0 decimal places,...

    Using vertical analysis, prepare a common size comparative balance sheet. (Round percentages to 0 decimal places, eg, 12%.) Delta COMPANY Comparative Balance Sheet December 31, 2017 2016 Amount Percentage Amounft $280 520 ssets Percentage Current assets $450 Plant assets 550 Total assets Liabilities and stockholders' equity Current liabilities Long-term debt Common stock $1,000 $800 $120 160 320 200 $180 250 310 Retained earnings 260 Total liabilities and stockholders' equity $1,000 $800

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT