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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) % Current Liabilities Accounts Payable Accrued Liabilities Amount Amount % $ Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assets Property & Equipment, Net Long-Term Investments $ 7,352 1,615 999 502 3,094 9.966 0 3,576 3.114 0 Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity 0 Total Liabilities & Stockholder's Equity 3.596 1,420 5,016 11,640 $ 16,656 Total Assets $ 16,656 0

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