Accounting HW CH.12 Question 2: Calculate Percentage

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= Homework: Chapter 12 - Homework Question 2, S12-3 (book/... Part 1 of 2 HW Score: 25%, 5 of 20 points O Points: 0 of 5 Save Sokolsky Designs reported the following amounts on its balance sheets at December 31, 2021, 2020, and 2019: :: (Click the icon to view the data.) Sales and profits are high. Nevertheless, Sokolsky is experiencing a cash shortage. Perform a vertical analysis of the company's assets at the end of years 2021, 2020, and 2019. Use the analysis to explain the reason for the cash shortage. Perform a vertical analysis of Sokolsky Software's assets at the end of years 2021, 2020, and 2019. (Round your answers to the nearest one-tenth of a percent, X.X%. Do not enter the % symbol in any of the input fields.) Sokolsky Designs, Inc. Vertical Analysis Years Ended December 31, 2021, 2020, and 2019 2021 2020 Data Table 2019 2021 2020 2019 Percent Amount Percent Amount Percent % $ 4,440 $ Cash Amount $ 10,000 35,000 Cash % $ 3,990 % 4,440 $ 3,990 10,000 $ % 35,000 Receivables, net 23,200 23,940 23,200 % Receivables, net 23,940 % 240,000 % 177,600 % 131,670 % Inventory 240,000 131,670 Inventory Prepaid expenses 177,600 21,200 Prepaid expenses % % % 15,000 200,000 21,200 217,560 15,960 223,440 15,000 200,000 15,960 223,440 217,560 Property, plant and equipment, net % Property, plant and equipment, net % % $ $ 500,000 444,000 $ 399,000 500,000 $ 444,000 $ 399,000 Total assets % % Total assets % Print Done