Interactive Arts is a video game company that competes with Extravision. A condensed balance sheet...
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Interactive Arts is a video game company that competes with Extravision. 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: Inventories were 1 percent of total assets, computed as ($80 $5,657) x 100. (Round your answers to the nearest whole percent.) 3 INTERACTIVE ARTS, INC Balance Sheet (summarized) March 31, 2013 (in millions of U.S. dollars) S 1,854 33 Accounts Payable 130 2 Cash and Short-term Investments Accounts Receivable, 290 745 5 Accrued Liabilities Net 80 1 Notes Payable (long-term) 2,069 37 Inventories 651 2,944 Other Current Assets Total Liabilities 1,975 Intangibles Common Stock 2,678 47 Property and 575 Retained Earnings Equipment, Net 232 41 Total Stockholders' Equity 2,713 48 Other Assets o Total Liabilities & Total Assets 5,657 100 5,657 100 Stockholders' Equity 2- What percentages of Interactive Arts' assets relate to intangibles versus a. property and equipment? (Round your answers to the nearest whole percent.) Percent ag Intangibles Property and Equipment
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Interactive Arts is a video game company that competes with Extravision. A condensed balance sheet for Interactive Arts and a partially completed vertical analysis are presented below.