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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) Amount % Amount % Current Assets Current Liabilities Cash & Cash Equivalents $ 10,147 $ 629 Accounts Payable Accrued Liabilities Accounts Receivable 990 3,861 Inventories 1,299 Total Current Assets 12,436 0 Total Current Liabilities 4,490 0 4,500 1,770 Property & Equipment, Net Long-Term Investments Long-Term Liabilities Total Liabilities 3,824 Total Stockholder's Equity 0 Total Liabilities & Stockholder's Equity 6,260 14,500 $ 20,760 Total Assets $ 20,760 0
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