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.

1. 1. Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as ($290 $5,657).
2. 2-a. What percentages of Interactive Arts assets relate to intangibles versus property and equipment?
3. 2-b. Which of these two asset groups is more significant to Interactive Arts business?

Required:

Reg 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 ($290 - $5,657). (Round your answers to the nearest whole percent.) $ 1,854 $ 2 % 290 INTERACTIVE ARTS Balance Sheet (summarized) March 31, 2016 (in millions of U.S. dollars) 33 % Accounts Payable Deferred Revenue Notes Payable (long-term) Total Liabilities Common Stock Retained Earnings 4 Total Stockholders' Equity 100 % Total Liabilities & Stockholders' Equity 80 37 Cash and Short-Term Investments Accounts Receivable, Net Inventory Other Current Assets Intangibles Property and Equipment, Net Other Assets Total Assets 130 745 2,069 2,944 2,678 35 651 1,975 575 232 5,657 2,713 $ $ 5,657 100% Req1 Req 2A > 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 % Req 1 Req 2A Req 2B Which of these two asset groups is more significant to Interactive Arts business? O Intangibles O Property and Equipment