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 4 percent, computed as ($240 + $5,886). 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 28 Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 4 percent, computed as ($240 + $5,886), (Round your answers to the nearest whole percent.) INTERACTIVE ARTS Balance Sheet (summarized) March 31, 2016 (in millions of U.S. dollars) Cash and Short-Term Investments $ 2,646 45 % Accounts Payable 121 2 % Accounts Receivable, Net 240 4 Deferred Revenue 638 Inventory 52 Notes Payable (long-term) 1.950 33 Other Current Assets 603 Total Liabilities 2,718 40 Intangibles 1.247 Common Stof 3.128 Property and Equipment, Not 925 Retained Earnings 40 1 Other Assets 173 3 Total Stockholders' Equity 3.168 54 Total Assets $ 5,886 100 % Total Liabilities & Stockholders' Equity $ 5.886 100 1 Req2A > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 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