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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

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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 XX%) Carolan Designs, Inc. Vertical Analysis Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Amount Porcent Amount Percent Amount Percent Cash $ 22,000 % $ 14,910 % $ 13,770 % Receivables, net 27.500 % 14,910 % 18,360 % Inventory 275,000 % 208,740 % 160,650 % Prepaid expenses 44,000 % 49.700 % 41,310 Property, plant and equipment, net 181,500 % 208,740 % 224,910 % $ 550,000 $ 497,000 Total assets % % $ 459,000 % se 2018 2017 2016 Cash 22,000 14,910 $ 13,770 27,500 14,910 208,740 18,360 160,650 Receivables, net Inventory Prepaid expenses Property, plant and equipment, net 275,000 44,000 181,500 49,700 208,740 41,310 224,910 $ 459,000 $ 550,000 $ 497,000 Total assets

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