Question
Sokolsky Designs reported the following amounts on its balance sheets at December 31, 2021, 2020, and 2019: (Click the icon to view the data.)
Sokolsky Designs reported the following amounts on its balance sheets at December 31, 2021, 2020, and 2019: (Click the icon to view the data.) Sales and profits are high. Nevertheless, Sokolsky is experiencing a cash shortage. Perform a vertical analysis of the company's assets at the end of years 2021, 2020, and 2019. Use the ana explain the reason for the cash shortage. Perform a vertical analysis of Sokolsky Software's assets at the end of years 2021, 2020, and 2019. (Round your answers to the nearest one-tenth of a percent, XX%. Do not enter the % symb any of the input fields.) Sokolsky Designs, Inc. Vertical Analysis Years Ended December 31, 2021, 2020, and 2019 Cash Receivables, net Inventory Prepaid expenses Property, plant and equipment, net Total assets 2021 2020 2019 Amount $ 10.000 Percent Amount Percent Amount Percent 2 % $ 35,000 7% 4,440 23.200 1 % $ 3.990 240,000 48% 177,600 15,000 3 200,000 40 21,200 217.560 5.22% 40 % 4.78 % 40 23,940 0% 131,670 33 % 15,960 223,440 4% 50 $ 500,000 100 $444,000 100 $ 399,000 100
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To perform a vertical analysis of Sokolsky Designs Incs assets at the end of 2021 2020 and 2019 we need to express each asset as a percentage of total ...Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started