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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) % Current Liabilities Accounts Payable Accrued Liabilities Amount Amount % $ $ 313 1,937 Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assets Property & Equipment, Net Long-Term Investments 4,684 885 583 6,152 2,280 2,008 0 Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity Total Liabilities & Stockholder's Equity 2,250 890 3,140 7,300 10,440 Total Assets $ 10,440 $
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