Question

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 Accrued Liabilities $ 897 5.499 Current Assets Cash & Cash Equivalents Accounts Receivable Inventories Total Current Assets Property & Equipment, Net Long-Term Investments $ 15,252 750 1,894 17.896 6.276 5,384 6,396 Total Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholder's Equity Total Liabilities & Stockholder's Equity 89151 Al Assets $ 29,556

Answer 1

Morningstar Inc
Balance Sheet
31-Dec
	Amount	%		Amount	%
Current assets
Cash	15,252	52%	Current liabilities	897	3%
Accounts receivables	750	3%	Accounts payable	5,499	19%
Inventory	1,894	6%	Total current liabilities	6,396	22%
Total current assets	17,896	61%	Long-term liabilities	2,520	9%
Property, Equipment	6,276	21%	Total liabilities	8,916	30%
Long-term Investment	5,384	18%	Total stockholders equity	20,640	70%
Total Assets	29,556	100%	Total liabilities & stockholders equity	29,556	100%