Electric Arts is a video game company. A condensed balance sheet for Electric Arts and a partially completed vertical analysis are presented below.

Required:

1. Complete the vertical analysis by computing each line item from (a) through (e) as a percentage of total assets. Round to the nearest whole percentage.

TIP: Inventories were 2 percent of total assets, computed as ($100/$4,646) ? 100.

2. What percentages of Electric Arts? assets relate to intangibles versus property and equipment? What business reasons would explain this relative emphasis?

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ELECTRIC ARTS, INC. Balance Sheet (summarized) March 31, 2017 (in millions) 27% Cash and Short-Term Investments Accounts Receivable Accounts Payable $ 1,273 $ 91 2% 717 (d) 24 Accrued Liabilities 206 1,109 2 Long-Term Debt Total Liabilities Contributed Capital Inventories 100 Other Current Assets 1,006 (a) (b) (c) (e) 51 1,917 2,378 Intangibles Property and Other Assets 1,297 351 537 Retained Earnings Total Shareholders' Equity Total Liabilities Equipment 227 59 2,729 & Shareholders' Equity Total Assets $ 4,646 100% 100% $4,646