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A condensed balance sheet for Morningstar, Incorporated is presented below: Required: Prepare a vertical analysis...

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Accounting

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A condensed balance sheet for Morningstar, Incorporated is presented below: Required: Prepare a vertical analysis of the balance sheet for Morningstar. Incorporated (Round your answers to the nearest whole percent.) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Balance Sheet } \\ \hline \multicolumn{6}{|c|}{ December 31} \\ \hline \multicolumn{6}{|c|}{ (amounts in miltions) } \\ \hline & Amount & % & & Amount & % \\ \hline \multicolumn{3}{|l|}{ Current Assets } & \multicolumn{3}{|l|}{ Current Llabilities } \\ \hline Cash \& Cash Equivalents & $5.000$ & & Accounts Payable & $310 & \\ \hline Accounts Recoivable & 510 & & Accrued Liabilities & 1,950 & \\ \hline Inventories & 450 & & & & \\ \hline Total Current Assets & 5,960 & & Total Current Liabilities & 2,260 & \\ \hline Property \& Equipment, Not & 2,400 & & Long-Torm Liabilities & 900 & \\ \hline \multirow[t]{2}{*}{ Long-Term Investments } & 2,200 & & Total Liabilities & 3,160 & \\ \hline & & & Total Stockhoider's Equily & 7,4002 & \\ \hline Total Assets & $10,560 & & Total Liabilities \& Stockholder's Equily & \$ 10,560 & \\ \hline \end{tabular}

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