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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 Current Liabilities Accounts Payable Accrued Liabilities Cash & Cash Equivalents Accounts Receivable Inventories $ 14,968 450 1,836 17,254 6,060 5,186 $ 866 5,304 6,170 2,430 8,600 19,900 $ 28,500 Total Current Assets 0 Total Current Liabilities Property & Equipment, Net Long-Term Investments Long-Term Liabilities Total Liabilities Total Stockholders Equity $ 28,500 0 Total Liabilities & Stockholder's Equity Total Assets
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