Carolan Designs reported the following amounts on its balance sheets at December 31, 2018, 2017, and 2016: : (Click the icon to view the data.) Sales and profits are high. Nevertheless, Carolan is experiencing a cash shortage. Perform a vertical analysis of the company's assets at the end of years 2018, 2017, and 2016. Use the analysis to explain the reason for the cash shortage. Perform a vertical analysis of Carolan Software's assets at the end of years 2018, 2017, and 2016. (Round your answers to the nearest one-tenth of a percent, X.X%.) Carolan Designs, Inc. Vertical Analysis Years Ended December 31, 2018, 2017, and 2016 2018 2017 i Data Table - X 2016 Amount Percent Percent 2017 2016 Cash $ 16,500 Amount Percent % $ 9,880 % 39,520 % 2018 16,500 Cash $ $ 9,880 $ 8.980 55,000 % 39,520 Amount % $ 8,980 % 40,410 % 152,660 % 22,450 % 224,500 40,410 269.500 % Receivables, net Inventory Prepaid expenses Property, plant and equipment, net % 202.540 152,660 % 202,540 29,640 212.420 22,000 187,000 % Receivables, net Inventory Prepaid expenses Property, plant and equipment, net 55,000 269,500 22,000 187,000 29,640 % % 22.450 224,500 212.420 $ 550,000 $ 494,000 Total assets $ 449,000 % % % 550,000 $ 494,000 $ 449,000 Total assets Print Done