1. 1. Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as ($297 $5,625).
2. 2-a. What percentages of Interactive Arts assets relate to intangibles versus property and equipment?
3. 2-b. Which of these two asset groups is more significant to Interactive Arts business?

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• Req1

• Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 5 percent, computed as ($297 $5,625). (Round your answers to the nearest whole percent.)

  INTERACTIVE ARTS
  Balance Sheet (summarized)
  March 31, 2016
  (in millions of U.S. dollars)
  Cash and Short-Term Investments	$2,522	45	%	Accounts Payable	$133	2	%
  Accounts Receivable, Net	297	5		Deferred Revenue	893
  Inventory	30	1		Notes Payable (long-term)	2,039	36
  Other Current Assets	471			Total Liabilities	3,065	54
  Intangibles	1,327			Common Stock	2,528
  Property and Equipment, Net	725			Retained Earnings	32	1
  Other Assets	253	4		Total Stockholders Equity	2,560	46
  Total Assets	$5,625	100	%	Total Liabilities & Stockholders Equity	$5,625	100	%

What percentages of Interactive Arts assets relate to intangibles versus property and equipment? (Round your answers to the nearest whole percent.)

	Percentage
Intangibles		%
Property and Equipment		%