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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 Assets Current Liabilities Cash & Cash Equivalents S 16,025 Accounts Payable $ 945 Accounts Receivable 800 Accrued Liabilities 5,785 Inventories 2.015 Total Current Assets 01 Total Current Liabilities 18,840 6,730 Property & Equipment, Net 6,600 Long-Term Liabilities 2,650 Long-Term Investments 5,640 Total Liabilities 9,380 Total Stockholder's Equity S 31,080Total Liablities &Stockholder's Equity $31.080 21,700 Total Assets

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