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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 Liabilities Accounts Payable Accrued Liabilities $ 392 2,418 Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assets Property & Equipment, Net Long-Term Investments $ 5,776 1.200 762 7.738 2,820 2,462 0 0 Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity 0 Total Liabilities & Stockholder's Equity 2,810 1,110 3.920 9,100 $ 13,020 Total Assets $ 13,020

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