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A condensed balance sheet for Morningstar, Inc. is presented below: Required: Prepare a vertical analysis of the balance sheet for Morningstar, Inc. (Round your answers
A condensed balance sheet for Morningstar, Inc. is presented below: Required: Prepare a vertical analysis of the balance sheet for Morningstar, Inc. (Round your answers to the nearest whole percent.) Morningstar, Inc. Balance Sheet December 31 (amounts in millions) % Current Liabilities Accounts Payable Accrued Liabilities Amount Amount % $ 739 4,537 Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assets Property & Equipment, Net Long-Term Investments $ 12.813 375 1,536 14.724 5.196 4.476 0 Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity Total Liabilities & Stockholder's Equity 5,276 2.080 7,356 17,040 $ 24,396 Total Assets $ 24,396 0
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