Vessel Software Limited reported the following amounts on its balance sheets at December 31, 2020,...
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Vessel 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, Vessel is experiencing a cash shortage. Perform a vertical analysis of Vessel Software's assets at the end of years 2020, 2019, and 2018. Use the analysis to explain the reason for the cash shortage (Round "Percent of Total" amounts to two decimal places. Compute each line separately.) Vessel Software Inc. Vertical Analysis December 31 2020 Percent of Amount Total 2019 Percent Amount of Total 2018 Percent Amount of Total % % Cash Receivables, net Inventory Prepaid expenses Property, plant and equipment, net 100 100 % 100 % % Total assets -- Data table 2020 2019 2018 6,200 $ Cash.. 34,000 148,000 Receivables, net Inventory.... Prepaid expenses Property, plant, and equipment, net.. 6,200 27,000 107,000 2,600 5,200 24,000 79,000 1,600 2,600 93,200 81,200 80,200 $ 284,000 $ $ 224,000 190,000 Total assets
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