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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

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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 to the nearest whole percent.) Amount Morningstar, Inc. Balance Sheet December 31 (amounts in millions) % Amount % Current Assets Cash & Cash Equivalents $ 4,684 Accounts Receivable 885 Current Liabilities Accounts Payable $ 313 Accrued Liabilities 1,937 Inventories 583 Total Current Assets 6,152 Total Current Liabilities 2,250 Property & Equipment, Net 2,280 Long-Term Liabilities 890 Long-Term Investments 2,008 Total Liabilities 3,140 Total Stockholder's Equity 7,300 Total Assets $ 10,440 Total Liabilities & Stockholder's Equity $ 10,440

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