HW chapter 13 1 2.5 points Skipped eBook M Saved M Connect Help Save & Exit Subm Check my work A condensed balance sheet for Morningstar, Inc. is presented below: Required: Prepare a vertical analysis of the balance sheet for Morningstar, Inc. (Round your answers to the nearest whole percent.) Morningstar, Inc. Balance Sheet December 31 (amounts in millions) Amount % Amount % Current Assets Current Liabilities Print $ Cash & Cash Equivalents 10,147 Accounts Payable $ 629 Accounts Receivable 990 Accrued Liabilities 3,861 Reference Inventories 1,299 Total Current Assets 12,436 Property & Equipment, Net 4,500 0 Total Current Liabilities Long-Term Liabilities 4.490 0 1,770 Long-Term Investments 3,824 Total S Total Assets 0 20,760 Total Liabilities Stockholder's Equity Total Liabilities & Stockholder's Equity 6,260 14,500 $ 20,760 Ler 136 ok nt rence Check m Company X has net sales revenue of $1,251,000, cost of goods sold of $788,500, and all other expenses of $309,000. The beginning balance of stockholders' equity is $595,000 and the beginning balance of fixed assets is $380,000. The ending balance of stockholders' equity is $1,075,000 and the ending balance of fixed assets is $408,000. Required: Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.) Return on Equity %