Electronic Arts is a video game company that competes with Activision. A condensed balance sheet for Electronic Arts and a partially completed vertical analysis are presented below.

Required:
1. Complete the vertical analysis by computing each line item (a) €“ (e) as a percentage of total assets. Round to the nearest whole percentage.
2. What percentages of Electronic Arts€™ assets relate to intangibles versus property and equipment? Which of these two asset groups is more significant to Electronic Arts€™ business?

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ELECTRONIC ARTS, INC. Balance Sheet (summarized) (in millions of U.S. dollars) 33% March 31, 2013 136 658 2.009 2.803 2.246 Cash and Short-term Investments Accounts Receivable, Net $1,680 312 42 291 1974 548 223 $5,070 Accounts Payable Accrued Liabilities Notes Payable (long-term) 2% 40 Other Cument Assets Intangibles Property and Equipment, Net Other Assets Total Assets Total Liabilities Common Stock Retained Earnings Total Stockholders Equity Total Liabiliies & Stockholders' Equity 100% $5,070 100%