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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 Curent Liabilities $ 8,444 1,930 1,178 11,552 4,116 3,568 Cash & Cash Equivalents Accounts Receivable Inventories Accounts Payable $581 3,575 Accrued Liabilities 4,156 1,640 5,796 13,440 $ 19,236 Total Current Assets 0 Total Current Liabilities Property & Equipment, Net Long-Term Investments Long-Term Liabilities Total Liabilities Total Stockholder's Equity $ 19,236 0 Total Liabilities & Stockholder's Equity Total Assets
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