McCormick Software Limited reported the following amounts on its balance sheets at December 31, 2020, 2019, and 2018: E (Click the icon to view the data.) Sales and profits are high. Nevertheless, McCormick is experiencing a cash shortage. Perform a vertical analysis of McCormick Software's assets at the end of years 2020, 2019, and 2018. Use the analysis to explain the reason for the cash shortage. McCormick Software Inc. Vertical Analysis December 31 2020 Percent of Total 2019 Percent Amount of Total 2018 Percent Amount of Total Amount % % % Cash Receivables, net Inventory Prepaid expenses Property, plant and equipment, net Total assets 100 % 100 % 100 % Data table $ $ $ Cash... Receivables, net Inventory Prepaid expenses Property, plant, and equipment, net 2020 6,500 30,000 152,000 2019 6,500 25,000 113,000 2,000 2018 5,500 22,000 78,000 1,000 2,000 98,500 79,500 82,500 $ 289,000 $ 226,000 $ 189,000 Total assets Print Done