game company that competes with Activision. A condensed balance sheet for Electronic Arts is a video Electronic 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 ($42 $5,070) x 100, (Round your answers to the nearest whole percent.) ELECTRONIC ARTS, INC. Balance Sheet (summarized) March 31, 2013 (in millions of U.S. dollars) 33 % Accounts Payable 6Accrued Liabilities 2% Cash and Short-term Investments$ 1,680 Accounts Receivable, Net Inventories Other Current Assets Intangibles Property and Equipment, Net Other Assets Total Assets 312 42 291 1,974 548 223 $ 5,070 $136 658 2,009 2,803 2,246 21 2,267 $ 5,070 1Notes Payable (long-term) 40 Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity 100 % | Total Liabilities & Stockholders' Equity 4 45 1001% 2-a. What percentages of Electronic Arts' assets relate to intangibles versus property and equipment? (Round your answers to the nearest whole percent.) Percentage Intangibles Property and Equipment 2-b.Which of these two asset groups is more significant to Electronic Arts' business? O Property and Equipment Intangibles