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1. Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as
1. Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as ($290 $6,295). 2-a. What percentages of Interactive Arts assets relate to intangibles versus property and equipment? 2-b. Which of these two asset groups is more significant to Interactive Arts business? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, as ($290 $6,295). (Round your answers to the nearest whole percent.) INTERACTIVE ARTS Balance Sheet (summarized) March 31, 2016 (in millions of U.S. dollars) 42% Accounts Payable Cash and Short-Term Investments $ 2,638 $ 116 2% Accounts Receivable, Net 290 5 Deferred Revenue 708 Inventory 53 1 Notes Payable (long-term) 1,909 30 Other Current Assets 903 Intangibles 1,535 Total Liabilities Common Stock 2,733 43 3,528 Property and Equipment, Net 753 Retained Earnings 34 1 Other Assets 123 2 Total Stockholders' Equity 3,562 57 Total Assets $ 6,295 100 % Total Liabilities & Stockholders' Equity $ 6,295 100 %
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