Vizio 32" HDTV10A aspect ratio problem

Question

I just won a Vizio 32" HDTV10A in a raffle. I hooked up my cable box and dvd player, but the aspect ratio isn't working correctly. The normal view is fine, but when I switch to the Wide view it just stretches out the entire frame instead of enlarging it to fit the 1.85:1 aspect ratio that a lot of movies, and now tv shows, have. Basically, it makes it look nearly exactly the same as the Panoramic view. Any assistance is greatly appreciated.