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A condensed balance sheet for Morningstar, Incorporated is presented below: Required: Prepare a vertical analysis of the balance sheet for Morningstar, Incorporated (Round your answers
A condensed balance sheet for Morningstar, Incorporated is presented below: Required: Prepare a vertical analysis of the balance sheet for Morningstar, Incorporated (Round your answers to the nearest whole percent.) Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assets Property & Equipment, Net Long-Term Investments Total Assets MORNINGSTAR, INCORPORATED Amount $ 5,000 510 450 5,960 2,400 2,200 $ 10,560 Balance Sheet December 31 (amounts in millions) % Current Liabilities Accounts Payable Accrued Liabilities Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity Total Liabilities & Stockholder's Equity Amount $ 310 1,950 2,260 900 3,160 7,400 $ 10,560 %
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