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? What business reasons would explain this relative emphasis?

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ELECTRONIC ARTS, INC. Balance Sheet (summarized) March 31, 2010 (in millions of U.S. dollars) Cash and Short-term Investments Accounts Receivable Inventories Other Current Assets $1,273 206 100 Accounts Payable Accrued Liabilities Long-term Debt 27% $ 91 2% 1,109 1,917 2,378 351 2,729 $4,646 24 Total Liabilities Contributed Capital Retained Eamings Intangibles 1,297 537 227 $4,646 51 Property and Equipment Other Assets Total Assets Total Stockholders' Equity Total Liabilities & Stockholders' Equity 59 100% 100%