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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

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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 to the nearest whole percent.) Amount MORNINGSTAR, INCORPORATED Balance Sheet December 31 (amounts in millions) Amount % Current Liabilities $ 14,968 Accounts Payable 450 Accrued Liabilities 1,836 17,254 Total Current Liabilities 6,060 Long-Term Liabilities 5,186 Total Liabilities Total Stockholder's Equity $ 28.500 Total Liabilities & Stockholder's Equity $ Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assets Property & Equipment, Net Long-Term Investments 866 5,304 6,170 2.430 8,600 19,900 $ 28,500 Total Assets

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