McCormick Optical Company reported the following amounts on its balance sheet at December 31: Cash and receivables $ 49,980 Inventory..... 43,470 Property, plant, and equipment, net 116,550 Total assets. $ 210,000 Perform a vertical analysis of McCormick Optical Company's assets at year end. (Round your answers to one decimal place.) McCormick Optical Company Balance Sheet (adapted) December 31 Amount Percent of Total Cash and receivables $ 49,980 % Inventory 43,470 116,550 Property, plant, and equipment, net $ 210,000 100.0 Total assets %