Question: McCormick Software Limited reported the following amounts on its balance sheets at December 31, 2020, 2019, and 2018: (Click the icon to view the data.)


McCormick 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, McCormick is experiencing a cash shortage. Perform a vertical analysis of McCormick Software (Round "Percent of Total amounts to two decimal places. Compute each line separately.) McCormick Software Inc Vertial Analysis December 31 2020 20:19 2018 Peroent Percent Amount Amount 0 of Total of Total Amo Data Table Cash 90 96 Receivables.net Inventory Prepaid expenses Cash Receivables het Property plant and equipment, net Inventary 100% 100 Total assets Prepaid expenses Property, plant and in McCormick's cash shortage is likely due to the oramatic equipment, nes Total assets Entet any number in the edit Tields and then continue to the next question 1 of 6 (0 complete) December 31, 2020 2019 and 2018 sachage 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. 2019 2018 Am Data Table 2020 2019 2018 S 9 $ 5.800 0.300 37.000 154,000 2.100 Receivables net Inventory Precades Prucerty, plant and montinet 0.800 20,000 114.000 2.100 20.000 00.000 1.100 80,100 250.000 100 229.000 7100 5187.000 Print Done
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