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. 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: Inventories were 1 percent of total assets, computed as ($49 $5,935) 100. (Round your answers to the nearest whole percent.)

Required 1. Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Inventories were 1 percent of total assets, computed as ($49 $5,935) x 100. (Round your answers to the nearest whole percent.) INTERACTIVE ARTS, INC Balance Sheet (summarized) March 31, 2013 (in millions of U.S. dollars) 48 % Accounts Payable 4Accrued Liabilities Cash and Short-term Investments S 2,873 Accounts Receivable, Net Inventories Other Current Assets Intangibles Property and Equipment, Net Other Assets Total Assets $ 122 828 1,969 2,919 2,978 38 3,016 $ 5,935 2% 245 49 543 1,217 825 183 S 5,935 1Notes Payable (long-term) Total Liabilities Common Stock 50 Retained Earnings Total Stockholders' Equity 100% Total Liabilities & Stockholders' Equity 51 100% 2-a. What percentages of Interactive Arts' assets relate to intangibles versus property and equipment? (Round your answers to the nearest whole percent.) Percentage Intangibles Property and Equipment