A condensed balance sheet for Morningstar, Inc. is presented below. Required: Prepare a vertical analysis...
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Accounting
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 Liabilities Accounts Payable ccrued Liabilities $ 310 1.950 Current Assets Cash & Cash Equivalents Accounts Receivable Inventorios Total Current Assets Property & Equipment Not Long-Term Investments $ 5,000 510 450 5,960 2.400 2,200 2.260 900 Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity Total Liabilities & Stockholder's Equity 3,160 7.400 $ 10.560 Total Assets $ 10,560
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