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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

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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.) Morningstar, Inc. Balance Sheet December 31 (amounts in millions) Amount Amount % Current Assets Current Liabilities Cash & Cash Equivalents $ 8,444 Accounts Payable $' 581 Accounts Receivable 1,930 Accrued Liabilities 3,575 Inventories 1 178 Total Current Assets 11,552 0 Total Current Liabilities 4,156 Property & Equipment, Net 4 116 Long-Term Liabilities 1,640 Long-Term Investments 3,568 Total Liabilities 5,796 Total Stockholder's Equity 13,440 Total Assets $ 19,236 0 Total Liabilities & Stockholder's Equity $ 19,236 0

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