McCormick Optical Company reported the following amounts on its balance sheet at December 31: 53,710 Cash and receivables 45,920 Inventory 105,370 Property, plant, and equipment, net 205,000 Total assets 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 Percent Amount of Total Cash and receivables 53,710 45,920 Inventory Property, plant, and equipment, net 105,370