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Craft Software Limited reported the following amounts on its balance sheets at December 31, 2020, 2019, and 2018: Click the icon to view the data.)
Craft Software Limited reported the following amounts on its balance sheets at December 31, 2020, 2019, and 2018: Click the icon to view the data.) Sales and profits are high. Nevertheless, Craft is experiencing a cash shortage. Perform a vertical analysis of Craft Software's assets at the end of years 2020, 2019, and 2018. Use the analysis to explain the reason for the cash shortage. (Round "Percent of Totat" amounts to two decimal places. Compute each line separately.) Craft Software Inc. Vertical Analysis December 31 2020 2019 2018 Percent of Total Percent Amount of Total Percent of Total Amount Amount % Cash Receivables.net Inventory Prepaid expenses Property, plant and equipment, not Total assets 100 100 100 % Craft's cash shortage is likely due to the dramatic Vin as a percent of total assets. decrease increase Data Table - 2020 2018 $ $ $ 2019 6,500 23,000 108,000 2,600 6,500 30,000 149,000 2,600 Cash Receivables.net Inventory Prepaid expenses Property, plant, and equipment, net Total assets 5,500 20,000 77,000 1.600 98,900 87.900 85,900 $ 190,000 287,000 $ 228,000 Print Done Craft's cash shortage is likely due to the dramatic in as a percent of total assets. Inventory property, plant, and equipment total assets
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