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 ($302 = $5,525). 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? Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 2B Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as $302 + $5,525). (Round your answers to the nearest whole percent.) $ 2,148 $ 2 % Cash and Short-Term Investments Accounts Receivable, Net Inventory Other Current Assets Intangibles Property and Equipment, Net Other Assets Total Assets INTERACTIVE ARTS Balance Sheet (summarized) March 31, 2016 (in millions of U.S. dollars) 39 % Accounts Payable 5 Deferred Revenue Notes Payable (long-term) Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 134 853 2,029 3,016 2,478 46 411 1,855 540 223 5,525 31 2,509 5,525 $ | $ 100 %