Vision Software Limited reported the following amounts on its balance sheets at December 31, 2014, 2013, and

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Vision Software Limited reported the following amounts on its balance sheets at December 31, 2014, 2013, and 2012:

Sales and profits are high. Nevertheless, Vision is experiencing a cash shortage. Perform a vertical analysis of Vision Software's assets at the end of years 2014, 2013, and 2012. Use the analysis to explain the reason for the cash shortage.

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Related Book For answer-question

Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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Question Posted: Oct 13, 2016 09:41 AM

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Vision Software Limited reported the following amounts on its balance sheets at December 31, 2014, 2013, and

Question:

2014 2012 2013 $ 6,000 $ 6,000 $ 5,000 22,000 106,000 Cash Receivables, net 30,000 148,000 2,000 96,000 19,000 74,000 1,000 87,000 expenses 2,000 Property, plant, and equipment, n Total assets 88,000 $282,000 $224,000 $186,000

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2014 2013 2012 Amount Percent Amount Percent Amount Percent Cash 6000 213 6000 268 5000 268 ...View the full answer

Financial Accounting

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