A condensed balance sheet for Morningstar, Incorporated is presented below: Required: Prepare a vertical analysis of...

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A condensed balance sheet for Morningstar, Incorporated is presented below: Required: Prepare a vertical analysis of the balance sheet for Morningstar, Incorporated (Round your answers to the nearest whole percent.) MORNINGSTAR, INCORPORATED Amount Balance Sheet December 31 (amounts in millions) % Amount % Current Assets Cash & Cash Equivalents $ 5,000 Accounts Receivable 510 Current Liabilities Accounts Payable Accrued Liabilities $ 310 1,950 Inventories 450 Total Current Assets 5,960 Property & Equipment, Net 2,400 Long-Term Investments 2,200 0 Total Current Liabilities Long-Term Liabilities Total Liabilities 2,260 0 900 3,160 Total Stockholder's Equity 7,400 Total Assets $ 10,560 0 Total Liabilities & Stockholder's Equity $ 10,560 0 A condensed balance sheet for Morningstar, Incorporated is presented below: Required: Prepare a vertical analysis of the balance sheet for Morningstar, Incorporated (Round your answers to the nearest whole percent.) MORNINGSTAR, INCORPORATED Amount Balance Sheet December 31 (amounts in millions) % Amount % Current Assets Cash & Cash Equivalents $ 5,000 Accounts Receivable 510 Current Liabilities Accounts Payable Accrued Liabilities $ 310 1,950 Inventories 450 Total Current Assets 5,960 Property & Equipment, Net 2,400 Long-Term Investments 2,200 0 Total Current Liabilities Long-Term Liabilities Total Liabilities 2,260 0 900 3,160 Total Stockholder's Equity 7,400 Total Assets $ 10,560 0 Total Liabilities & Stockholder's Equity $ 10,560 0