Use the? common-size financial statements found? here:

Common-Size Balance Sheet		2016
Cash and marketable securities	$	470	1.4	%
Accounts receivable		5,990	18.2
Inventory		9,450	28.7
Total current assets	$	15,910	48.4	%
Net property, plant, and equipment		16,990	51.6
Total assets	$	32,900	100.0	%
Accounts payable	$	7,150	21.7	%
Short-term notes		6,790	20.6
Total current liabilities	$	13,940	42.4	%
Long-term liabilities		7,040	21.4
Total liabilities	$	20,980	63.8	%
Total common shareholders’ equity		11,920	36.2
Total liabilities and shareholders’ equity	$	32,900	100.0	%

Common-Size Income Statement		2016
Revenues	$	29,990	100.0	%
Cost of goods sold		(20,040)	66.8
Gross profit	$	9,950	33.2	%
Operating expenses		(7,950)	26.5
Net operating income	$	2,000	6.7	%
Interest expense		(910)	3.0
Earnings before taxes	$	1,090	3.6	%
Income taxes		(396)	1.3
Net income	$	694	2.3	%

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to respond to your? boss' request that you write up yourassessment of the? firm's financial condition.? Specifically, writeup a brief narrative that responds to the following? questions:

a. How much cash does Patterson have on hand relative to itstotal? assets?

b. What proportion of? Patterson's assets has the firm financedusing? short-term debt?? Long-term debt?

c. What percent of? Patterson's revenues does the firm have leftover after paying all of its expenses? (including taxes)?

d. Describe the relative importance of? Patterson's majorexpense? categories, including cost of goods? sold, operating?expenses, and interest expenses.