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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

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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 ($260 $5,737). 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 Req 1 Req 2A Req 2B Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as ($260 $5,737). (Round your answers to the nearest whole percent.) INTERACTIVE ARTS Balance Sheet (summarized) March 31, 2016 (in millions of U.S. dollars) Cash and Short-Term Investments$ 2,308 Accounts Receivable, Net Inventory Other Current Assets Intangibles Property and Equipment, Net Other Assets Total Assets 40 % Accounts Payable 5 Deferred Revenue $125 638 1,999 2,762 2,928 47 2,975 $ 5,737 2% 260 40 363 2,015 538 213 $ 5,737 1Notes Payable (long-term) 35 Total Liabilities Common Stock Retained Earnings 48 Total Stockholders' Equity 1001%, Total Liabilities & Stockholders' Equity 4 52 1001% Req 1 Req 2A Req 2B 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

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