Prepare a comparative common-size income statement for McMahon Music Ltd., rounding percentages to one-tenth percent. (Click the icon to review data from the comparative income statement.) x Comparative income statement (Enter the percentage changes as a percent, rounded to one decimal place, X.X%.) McMahon Music Ltd. McMahon Music Ltd. Comparative Common-Size Income Statement For the Years Ended December 31, 2020, and 2019 Comparative Income Statement For the Years Ended December 31, 2020, and 2019 2019 % of total 2020 % of total 2020 2019 % % Total revenue $ 403,000 $ 433,000 Total revenue % Expenses: Cost of goods sold Selling and general expenses $ Expenses: Cost of goods sold Selling and general expenses 201000 185.000||$ 95.500 87,500 0% % Interest expense Interest expense 4.500 946 % 12.500 44,500 Income tax expense 34.500 Income tax expense Total expenses 319.500 345,500 Total expenses % $ 83,500||$ 87 500 Net income Net income Print Done Rocket 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, Rocket is experiencing a cash shortage. Perform a vertical analysis of Rocket Software's assets at the end of years 2020 2019 and 2018 Use the analysis to explain the reason for the cash shortage. Data table (Round "Percent of Total amounts to two decimal places. Compute each line separately.) HED Rocket Software Inc. 2020 2019 2018 Cash ..... $ 6,000 $ 6,000 $ Vertical Analysis December 31 5,000 Receivables, net 35,000 22,000 19,000 2019 148,000 115,000 79,000 2020 Percent of Total Percent Amount of Total 2018 Percent Amount of Total 2,600 2,600 1,600 Amount Inventory Prepaid expenses Property, plant, and equipment, net 6000 Cash 6000 81.400 85,400 % 5000 90.400 1% % 35000 22000 19000 $ Receivables, net $ 282,000 231,000 $ 186,000 Total assets 148000 115000 79000 Inventory Prepaid expenses Property, plant and equipment, 2600 2600 1600 90400 85400 81400 net Print Done 282000 100 231000 100 186000 1100 Total assets % Calculator Check answer Clear all m A OEM 12C Cloudy o Type here to search (9) 0ENG 13:06 04-12-2021