CP13-3 Vertical Analysis of a Balance Sheet [LO 13-3, LO 13-5) Interactive Arts is a video game company that competes with Extravision Blizzard. A condensed balance sheet for Interactive Arts and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as ($260 = $5,737). 2-a. What percentages of Interactive Arts assets relate to intangibles versus property and equipment? 2-b. Which of these two asset groups is more significant to Interactive Arts business? Reg 1 Reg 2A Req 2B Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as ($260 + $5,737). (Round your answers to the nearest whole percent.) $ $ 2 % 2,308 260 INTERACTIVE ARTS Balance Sheet (summarized) March 31, 2016 (in millions of U.S. dollars) 40 % Accounts Payable 5 Deferred Revenue Notes Payable long-term) Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity 1 00 % Total Liabilities & Stockholders' Equity 40 Cash and Short-Term Investments Accounts Receivable, Net Inventory Other Current Assets Intangibles Property and Equipment, Net Other Assets Total Assets 125 638 1,999 2,762 2,928 35 363 2,015 538 - 213 $ 5,737 47 52 2,975 5,737 $ 100 % Req1 Req 2A > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B What percentages of Interactive Arts assets relate to intangibles versus property and equipment? (Round your answers to the nearest whole percent.) Percentage Intangibles Intangibles Property and Equipment