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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 $ 2,989 350 283 3,622 1,410 1,304 $ 186 1,170 Cash & Cash Equivalents Accounts Receivable Inventories Accounts Payable Accrued Liabilities Total Current Assets 1,356 540 1,896 4,440 6,336 Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity Total Liabilities &Stockholder's Equity Property & Equipment, Net Long-Term Investments $ 6,336 $ Total Assets

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