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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 (amounts in millions) Amount Amount Current Liabilities Accounts Payable Accrued Liabilities S 392 2,418 Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assels Property & Equipment, Net Long-Term Investments $ 5,776 1,200 762 7,738 2,820 2,462 Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity Total Liabilities & Stockholder's Equity 2,810 1,110 3,920 9,100 $ 13,020 Total Assets $ 13,020

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